Mortgage costs for many are going to rise again from today. The European Central Bank has been hiking interest rates as it tries to combat inflation in the Eurozone.
Today its expected to announce its ninth increase in a year. However there is growing speculation this will be the last for now. Economist Austin Hughes is expecting an increase today of a quarter of one per cent.
"I'm afraid ECB has signalled that it will raise interest rates by another quarter percent today so anything other than that increase would be an extraordinary shock to markets and myself," he explained.
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