Ennis Economist Warns Policy Battle Could Result In Mortgage Interest Rates Continuing To Rise

A Clare economists believes a policy battle between various stakeholders could result in mortgage interest rates continuing for even longer. It follows comments from the Taoiseach who's said the government will consider introducing a mortgage relief scheme, amid rising interest rates. The European Central Bank announced a seventh consecutive increase in a bid to bring down inflation. Ennis economist Micheál Collins, who's Assistant Professor of Social Policy at UCD says as long as inflation remains high, the ECB will continue to push up interest rates.