Hi
Just a though , is it possible that when the ECB withdraws QE this will be good news for tracker mortgage holders ?
Simplified example ( not even sure if this is correct )
After QE wholesale bank rates ( inter bank rates will likely rise making the tracker mortgages even a bigger burden on banks P&L ... well at least until ECB starts rising it's interest rates?
Just a though , is it possible that when the ECB withdraws QE this will be good news for tracker mortgage holders ?
Simplified example ( not even sure if this is correct )
After QE wholesale bank rates ( inter bank rates will likely rise making the tracker mortgages even a bigger burden on banks P&L ... well at least until ECB starts rising it's interest rates?