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Guest The_Oldie

European Central Bank

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Breaking News on Bloomberg, ECB rates held at 2.25%.

Rates half of ours and yet looking at the opinions/threads on the overseas property section of HPC (which I did for the first time last night) lower rates will not cause any benefit to those wishing for house price stability. Freefall on its way in Europe in relation to many over-developed, no economic foundation pastures. <_<

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The popular view is that we will be at 2.75% by the summer and March is the clear favourite for the next hike.

With Uk rates predicted to be lower in Feb and the US rates peaked, where is the evidence for such a rise?

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With Uk rates predicted to be lower in Feb and the US rates peaked, where is the evidence for such a rise?

The German and French economies are picking up - and after all, that's what's important to the ECB. The bubbling housing markets of Ireland and Spain are of a much lesser priority.

Jean-Claude Trichet said this week that his messages have been "pretty well captured by the markets". And the money markets have rates priced at 2.5% for March, 2.75% for July and 3% for December.

That would raise the average monthly mortgage payment in Ireland by around 250 Euro at the year end.

Do I hear "pop" anyone?

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With Uk rates predicted to be lower in Feb and the US rates peaked, where is the evidence for such a rise?

Short term market rates in Europe are still climbing.

The ECB is already behind the curve on these rates, and if the market keeps rising they will have a nasty problem on their hands.

They are going to have to raise rates again.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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