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ECB set to further increase in...

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ECB set to further increase interest rates

RedFM Sport
RedFM Sport

07:26 4 May 2023


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Another interest rate rise is on the cards today.

The European Central Bank looks set to announce yet another hike to its base lending rate, as it battles to cool inflation in the Eurozone.

Analysts are expecting a rise of a quarter of one percent, however some fear it could be as high as half a percentage point.

It means those on tracker mortgages will face higher monthly repayments, while some banks may also pass on any rise to variable rate customers.


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