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Realistbear

E C B Chief Economist: Low I R Unlikely To Continue

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http://www.nasdaq.com/aspxcontent/NewsStor...nternational.na

ECB Issing: Historically Low Rates Unlikely To Continue

FRANKFURT -(Dow Jones)-
Historically low interest rates are unlikely to continue
in the euro zone, European Central Bank chief economist Otmar Issing said Friday.
Interest rates are low across the entire maturity spectrum, he reiterated.
"This is an objective fact. On the basis of that, this is unlikely to continue," Issing said.
Robust economic data and credit expansion have caused some economists to price in a possibility of a
50-basis-point increase
.

It doesn't come any plainer than this: get used to it--its TTRTRates.

A .50% hike might put some pressure on Gordon?

Edited by Realistbear

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http://www.iii.co.uk/news/?type=afxnews&ar...&action=article

(Repeating to clarify question in para 5)

FRANKFURT (AFX) - The European Central Bank has no fixed timetable or target for the path of future interest rate hikes, its outgoing chief economist Otmar Issing said.
"There is no fixed target, no fixed calendar" for rate moves, Issing said at the sidelines of a conference here.
"Rates both in nominal and real terms are extremely low, at historic lows ... and it is unlikely this process will continue at this level," he said.
He said further rate moves will depend on incoming data.
Asked whether the data would have to surprise on the upside for the ECB to speed up the pace of rate increases, Issing said "not at all".

It would appear to be time to sell IR sensitive assets.

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Just a wild guess, but I reckon the Irish property market will have surged on this news.

People desperate to buy before rates go up and they can't afford to take out a mortgage.

Now I know that doesn't make sense, but then there isn't any sense to their property market.

They're going to need the luck of the Irish...

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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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