ECB Rates

[NorfBank]

ECB raises rates up 1/4 to 3.75% - may not be appropriate forum - please move if required.

 

[MortgageMate]

Darn them Germans!

 

[ClubMan]

Good news for savers though.

 

[oysterman]

No, it's not. Real rates are negative. That's good for borrowers.

 

[ClubMan]

As somebody recently pointed out the inflation rate excluding mortgage costs is c. 3% or less so for those savers with no mortgage it is indeed good news.

 

[whathome]

No, it's not. Real rates are negative. That's good for borrowers.

Interest rate increases are good news for savers and bad news for borrowers.

Can you explain your "real rates are negative" statement?
Are you considering the fact that interest on mortgages is a major component of the Irish inflation figures and without housing costs the inflation rate in Ireland is currently 2.7%?

 

[redo]

As somebody recently pointed out the inflation rate excluding mortgage costs is c. 3% or less so for those savers with no mortgage it is indeed good news.

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