The European Central Bank has increased euro zone interest rates again today.
As expected, the ECB raised interest rates by 0.5% today, bringing the deposit rate to 2.5% and the main lending rate to 3%.
We need your consent to load this rte-player contentWe use rte-player to manage extra content that can set cookies on your device and collect data about your activity. Please review their details and accept them to load the content.Manage Preferences Headline inflation has been in rapid decline since peaking at a record 10.6% in October but core prices, which exclude volatile items such as food and fuel, have been rising at a steady or accelerating pace.
But that guidance has since become a source of confusion for investors and contention within the Governing Council, as headline inflation fell sharply while underlying price growth was still inching up. Daragh Cassidy from price comparison website Bonkers.ie, said this means for those with €150,000 remaining on their mortgage the move will add around €35 a month to repayments.
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