Brendan Burgess
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Brendan
ECB increases rate by 0.5% as expected (Dec 2022)
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RichInSpirit
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Thanks Brendan!
So the ECB base rate now for tracker mortgages and the like is 2.5%
Ouch!!!!
So the ECB base rate now for tracker mortgages and the like is 2.5%
Ouch!!!!
More increases to come too !
"The Governing Council judges that interest rates will still have to rise significantly at a steady pace to reach levels that are sufficiently restrictive to ensure a timely return of inflation to the 2% medium-term target," the ECB said.
"The Governing Council judges that interest rates will still have to rise significantly at a steady pace to reach levels that are sufficiently restrictive to ensure a timely return of inflation to the 2% medium-term target," the ECB said.