EURO ZONE

Irish mortgage rates still third lowest in Europe despite hikes in recent months

Irish mortgage interest rates remain the third lowest in the Eurozone, despite the European Central Bank (ECB) beginning to raise them. The most recent rate increase, which brought the rate to 2.5% last Thursday, was one of many that the ECB has announced as part of its efforts to combat the inflation crisis. These increases … Read more

Europe to be hit hardest in global slowdown – OECD

According to the Organisation for Economic Co-operation and Development (OECD), the world economy should avoid going into recession next year, but the worst energy crisis since the 1970s will cause a sharp slowdown, with Europe being the hardest hit. The group urged central banks to keep raising interest rates as a defence against this. Global … Read more