Tuesday September 22, 2020

Interest rate squeeze here to stay

Last Thursday’s announcement of yet another rise in interest rates will have worried many Irish borrowers, but it could have been a good deal worse.

10th June, 2006

The European Central Bank (ECB) announced a quarter percentage point rise in its key policy rates for the third time since last December, but there had been considerable nervousness that the increase might have been as much as half a percentage point.

ECB interest rates stand at 2.75 per cent and are set to rise further. They remain low by international standards; similar policy rates are at 5 per cent in the US while their...

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