Cliff Taylor: The big question on interest rate hikes is how much will they damage the economy?

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Cliff Taylor: Any reticence by the Irish banks in relation to increasing other interest rates will now disappear and we will gradually see the whole market reprice, with fixed rate offers rising and ordinary variable rates rising.

The ECB’s communication has turned into a bit of a mess. On the one hand, it intends to raise interest rates by another half point in March.

She did concede that there were different views on the governing council of how this should all be communicated, though not, she said, on the substance. While Lagarde said that the ECB would then evaluate what to do next, the clear indication was that March would not be the last increase.

 

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That Lagarde is one evil woman! She and her banker buddies are throwing tens of thousands of mortgage holders to the wolves, cheered on by politicians like our own FFG. Using the Russian invasion as a smokescreen the banksters and their shareholders will make BILLIONS

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