why prices look likely to stay high in the UK and Ireland, and what that means for mortgages
- Written by Stephen McNena, Economics lecturer, University of Galway
The European Central Bank (ECB) has raised its three key interest rates by 0.25% to their highest levels in more than 20 years. The ECB’s “main refinancing rate” which dictates the cost of borrowing across much of Europe, including for people with tracker mortgages in...