Friday June 5, 2020

Money Talks: Mortgage holders can expect more pain

The president of the European Central Bank (ECB), Jean Claude Trichet, was his usual predictable self last week. Trichet, who hosted an ECB press conference in Dublin Castle last Thursday, left the ECB base rate - which determines how much interest h

12th May, 2007

The president of the European Central Bank (ECB), Jean Claude Trichet, was his usual predictable self last week. Trichet, who hosted an ECB press conference in Dublin Castle last Thursday, left the ECB base rate - which determines how much interest homeowners pay on their mortgage - unchanged at 3.75 per cent.

Although most expected this decision, homeowners, who have been already hit with seven interest rate rises in the last 18 months, will no doubt...

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