It seems increasingly likely that we are going to see a series of rate hikes by the ECB in the near future.
According to Philip Lane, ECB chief economist - "I think it’s clear that at some point we’re going to be moving rates, not just once, but over time, in a sequence."
If the ECB raise the main refi rate by a cumulative 2 percentage points over the next couple of years, that would triple the rate being paid on the average tracker mortgage to 3.00%.
Today's fixed rates of 1.90%, where available, would look very attractive in that scenario.
According to Philip Lane, ECB chief economist - "I think it’s clear that at some point we’re going to be moving rates, not just once, but over time, in a sequence."
If the ECB raise the main refi rate by a cumulative 2 percentage points over the next couple of years, that would triple the rate being paid on the average tracker mortgage to 3.00%.
Today's fixed rates of 1.90%, where available, would look very attractive in that scenario.