Member of the National Association of Estate Agents (NAEA) have reported that the current market is levelling out; however there are still signs of uncertainty.
The President of the European Central Bank, Jean-Claude Trichet has said that the current economic problems being experienced in Ireland as well as in Spain and Portugal will not distract the bank for it’s economic policy.
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The European Central Bank has decided to increase interest rates by a quarter of a percentage point to 4.25 percent, the highest level since 2001.
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The rising costs of fuel, food and of the inflation rate in the Eurozone economies may force the European Central Bank (ECB) to raise interest rates next month.
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The European Central Bank has decided to keep euro interest rates on hold at 4.0% as rising inflation pressures in the eurozone persist.
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The European Central Bank has decided to keep euro interest rates on hold at 4.0% for the eighth consecutive month.
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The European Central Bank (ECB) has decided to keep interest rates on hold in a move that was widely expected by financial analysts.
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“The picture portrayed by market prices at the moment is an oddly disjointed one; the US market is effectively pricing in a recession, yet oil prices are close to $100. Closer to home, the ECB remains concerned about upside risks to inflation, implying that some council members favour an increase in interest rates, yet is clearly worried about the liquidity squeeze in money markets, and has pledged to inject more cash in to the system. We suspect that a more consistent picture will emerge in the coming months, but if so, it implies some sharp market moves, as these inconsistencies are ironed out”, said Dr Dan McLaughlin, Group Chief Economist, Bank of Ireland in its Global Markets November research bulletin.
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European interest rates remained on hold today at 4.0 percent, with European Central Bank Boss Jean-Claude Trichet saying that the ECB is ready to counter upside inflation risks in the euro zone, and sound economic fundamentals support a favourable medium term outlook.
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The European Central Bank (ECB) has decided to keep interest rates on hold at 4%, as the credit crisis from US mortgage lending continues.
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Only one in ten people in Ireland are “very concerned” about euro interest rates - despite rising interest rates adding to mortgage costs over the past 2 years.
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