Ennis Economist Predicts Further Interest Rate Increases Are Inevitable

An Ennis Economist is predicting that further interest rate increases are inevitable. The European Central Bank is set to increase interest rates by half a per cent to a record 3 point 5 percent. The European Central Bank is expected to increase interest rates again today, in a further hit to homeowners on tracker mortgages. It would be the sixth increase in 12 months, which could add over 900 euro annually to a typical 300 thousand euro mortgage. Assistant Professor of Social Policy at UCD, Ennis native, Micheál Collins expects an announcement on an immediate increase, as well as a plan for it to continue onwards.