ECB expected to raise interest rates today
Thursday, 3 July 2008
Print
Email
The European Central Bank is expected to increase interest rates when it holds its regular monthly meeting today.
The bank has already signalled that it plans to raise its main lending rates in an effort to tackle high inflation in the euro-zone.
Commentators are predicting an increase of 0.25 percentage points, which would add around €45-a-month to a 30-year mortgage worth €300,000.
The news will not be welcomed by Irish mortgage-holders, who are currently paying the highest rates in seven years.
Post a comment
Limit: 500 characters
View all comments that have been posted about this article
Offensive or abusive comments will be removed and your IP address logged and may be used to prevent further submissions. In submitting a comment to the site, you agree to be bound by BelfastTelegraph.co.uk's Terms of Use.
Posts submitted in UPPERCASE letters will be rejected.
Also in this section
- Markets take further hit amid ongoing recession fears
- Venice suffers worst flooding in 20 years