Home » Spanish Property Forums » Spanish Real Estate Chatter » Eurozone rates increase to 4.25%
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http://news.bbc.co.uk/1/hi/business/7486264.stm
Ouch! That is going to hurt some people, especially those earning in sterling and repaying a mortgage in euros.
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I wonder if we will see another rise this year. Until recently it looked like a certainty, but the ECB seems a little more concerned about the downturn in European economies now. It doesn’t effect me yet, but I have plenty of friends who are really feeling the pain, this will just make it worse 🙁
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