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Irish Bank Warns March Will Be A Bad Month For Borrowers

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BoI: Higher Interest Rates Ahead
28/02/06: Bank of Ireland chief economist Dan McLaughlin has said interest rates are likely to rise further in March
McLaughlin concluded that as a result of this positive global economic backdrop,
March may well prove a bad month for borrowers in both euros and dollars with the ECB moving the repo rate to 2.5% early in the month and the Fed pushing up short rates to 4.75% on the 28th. Furthermore, unless the global economy starts to slow down, the rate risks are all to the upside, he added.

Cheap borrowing is dying and the pain is shortly to begin. Those who bought into the bubble should have heeded Mervyn Kings' words that house prioces are no more than opinion whereas the debt is REAL.

Judgment day approaches.

HPC 2006.

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  • 335 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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