Hi all,
I am on a dreaded EBS Variable that looks like it is just going to keep going up ;(
Ok, so what I am wondering is as ECB raise rates and therefore tracker rates go up, will it always be the case that the variable will go up ??
Does the increase in ECB rates actually mean that banks will start to recuperate some money from trackers, and therefore the variable rate will stabilize ??
and maybe even get to an on par situation with the current trackers ??
Thanks for the help !!!
I am on a dreaded EBS Variable that looks like it is just going to keep going up ;(
Ok, so what I am wondering is as ECB raise rates and therefore tracker rates go up, will it always be the case that the variable will go up ??
Does the increase in ECB rates actually mean that banks will start to recuperate some money from trackers, and therefore the variable rate will stabilize ??
and maybe even get to an on par situation with the current trackers ??
Thanks for the help !!!