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F. T. : The Rates Are Going Up And Hitting Home Owners

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Rate rises hit home loans in eurozone

By Ralph Atkins in Frankfurt
Published: July 29 2006 03:00 | Last updated: July 29 2006 03:00
Higher eurozone interest rates showed the first signs yesterday of having hit borrowing for house purchases. Money supply growth figures watched closely by the European Central Bank have also slowed.
The clear deceleration is the latest evidence that the
eurozone economic upswing may be peaking
. The ECB is still expected to raise its main interest rate by a quarter-point to 3.0 per cent next week, however, to head off inflationary dangers.

With Ireland having ridden on the back of highly accomodative IR from the once size fits all EZ things may be changing quickly. Bust within 6 months?

What is also interesting is the perception that the EZ is peaking. With a dramatic slowdown in the US (GDP fell by more than 50% according to latest figures) it is difficult to see how Gordon can keep the miracle of HPI-MEW alive here much longer.

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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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