Eurozone rates increase to 4.25%

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    • July 3, 2008 at 1:50 pm #54139
      mike
      Participant

      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.

    • July 3, 2008 at 3:23 pm #85010
      Anonymous
      Participant

      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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