moneysherpa discuss the recent decision by the European Central Bank (ECB) to raise interest rates by a quarter of a percent with RTE news.
The ECB's move aims to combat high inflation across the Eurozone, which currently stands at 5.5%. While some indicators show signs of improvement, underlying inflation remains a concern. As a result of this rate hike, mortgage holders, including tracker, variable, and fixed rate borrowers, will experience an increase in their repayments. Additionally, we highlight the upcoming challenges faced by the 160,000 households on short-term fixed rates, as well as the 150,000 households whose fixed rates are due to expire in the next two years.
26 июл 2023
