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Bank Of Ireland Forecast 2 More E C B Hike This Year

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According to the August Bank of Ireland Global Markets Economic Research Bulletin published today, Euro zone interest rates are expected to rise to 3.25% in October followed by another increase to 3.5% in December.
Commenting, Michael Crowley, Senior Economist with Bank of Ireland Global Markets said: “On the back of significant momentum in Euro Area economic growth, the ECB has already accelerated the pace of interest rate increases – moving again in August after just a two-month interval – and it is likely to continue on this path over the remainder of the year. We expect rates to rise by another 25bps to 3.25% in October, followed by a similar move to 3.5% in December.”

The Fed too:


By MarketWatch
Last Update: 5:00 PM ET Aug 22, 2006
NEW YORK (MarketWatch) -- U.S. stocks closed flat Tuesday, after an uneven session made skittish by a Federal Reserve official's warning that the
central bank may need to raise interest rates again
to combat inflation.



10:40 - 22 August 2006
A Majority of economists see another Bank of England interest rate hike later this year to cool rising inflation and growth heading into 2007, according to a new poll. The monthly survey, carried out last week after minutes from the Bank of England's August meeting were released, showed 27 of 37 economists expect another hike in the fourth quarter - most likely in November - to five per cent following a surprise rise this month.

In fact, we could call it an "INTEREST RATE HIKING FRENZY" :o *


* :D

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just a thought... is the UK mirical economy fueling European inflation?

1. Europeans work in the UK and richer countries. Sending money home increases money supply in europe.

2. Uk and Irish residents invest in property abroad, increasing money supply in europe

Increased money supply exported into europe, means higher exported inflation and

increasing interest rates for ireland?

Edited by moosetea

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  • 301 Brexit, House prices and Summer 2020

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