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Homeowners To Be "hit By Rate Rises This Week"

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ECB to increase rates as markets regain optimism

By Allister Heath

04 June 2006

EUROPEAN consumers and
home owners will be hit by rate rises this week
as the European Central Bank (ECB) continues its policy of normalising euro zone interest rates.
Melanie Baker, an economist at Morgan Stanley, said: “Recent consumer spending indicators look more positive across Europe. However, this relative consistency masks significantly different economic backdrops.”
She is relatively optimistic on German and Swedish consumer spending growth in 2006, and less so in the UK and for the euro zone as a whole. Despite being relatively optimistic in the short term, Baker is also warning that the
outlook for 2007 is much less favourable
and that the euro-zone economy will slow significantly. This week’s rate hike in the euro zone is unlikely to dent the confidence of global investors.

More good news for the beleaguered housing market as house prices are set to return to sustainable levels.

Edited by Realistbear

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  • 302 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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