New rate hike is 'disastrous'
Irish Daily Mirror|July 28, 2023
TD's fears after interest raised
LOUISE BURNE
New rate hike is 'disastrous'

FURTHER interest rate hikes will be “absolutely disastrous for tens of thousands” of people, a TD warned yesterday.

Labour’s Ged Nash said the rises, designed to tackle inflation, are hammering borrowers, those trying to buy a home and small businesses.

The European Central Bank announced its ninth interest rate hike in a year yesterday.

The 0.25% increase brings rates to 4.25% and those on tracker mortgages will be worst affected.

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Denne historien er fra July 28, 2023-utgaven av Irish Daily Mirror.

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