ECB to raise interest rates by further 0.75%

The European Central Bank’s (ECB) governing council meets today in Frankfurt, amid expectations that interest rates may be raised by another 0.75%. The ECB has already raised interest rates twice this year, by half a percentage point in July and three-quarters of a percentage point in September. Market experts broadly expect rates to be raised … Read more

Top EU economist predicts inflation in Ireland to slow later this year

A top European Central Bank official has warned targeted and temporary measures should be used to tackle rising inflation. Philip Lane, the chief economist of the European Central Bank, acknowledged that people were experiencing a major increase in the cost of living but said that he believed the rate of inflation will fall later this … Read more