The top four things you need to know – Thursday July 21st

The European Central Bank is to raise interest rates for the first time since 2011.

It’s expected they will go up by quarter of one percent however some anticipate it could be half of a percent, as Europe deals with the surge in inflation.

It’s set to impact homeowners who are not on fixed interest rate mortgage repayments.

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Efforts to boost the number of visitors to Kinsale are underway following a meeting at one of the towns largest attractions yesterday.

OPW Minister Patrick O’Donovan held a meeting with local business owners, members of the Council and Fáilte Ireland at Charles Fort to discuss opportunities and challenges.

Opportunities included the prospect of renovating derelict sites such as James’ Fort and Desmond Castle, while challenges include the lack of parking and long traffic delays in the town during the height of the tourist season. 

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Greenhouse gas emissions increased by 4.7% in 2021 compared to the previous year.

Analysis from the Environmental Protection Agency found the energy industry sector as showing the biggest increase – up 17.6% in 2021.

That’s driven by what it says is a tripling of coal and oil use in electricity generation.

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Cars are 63.7% more expensive now than they were prior to the arrival of Covid 19.

The latest DoneDeal Car Price Index has revealed that the cost of vehicles has risen by 5.9% every three months since March 2020.


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