Finance

Low income households and tracker mortgage holders worst hit by rising ECB interest rates

New CSO data shows 13 per cent of tracker mortgage holders are spending more than a fifth of their income on repayments

The European Central Bank (ECB) has raised interest rates 10 times in the last 17 months – from zero in July 2022 to 4.5 per cent in September – in a bid to wrangle spiralling Eurozone inflation. Picture: Shutterstock