At its meeting on September 8, the European Central Bank (ECB) raised rates by 0.75 bps, taking the deposit rate to 0.75 per cent. This was the largest rate hike in the ECB’s history and while the rate hike is clearly a big move in nominal terms, it is also a strong signal that the era of low and even negative interest rates has come to an end. At the press conference following the meeting, ECB President Christine Lagarde noted that the rate hike decision was unanimous and that markets should anticipate further rate hikes over the coming months –…

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Inflation, interest rates, and Ireland: What the ECB rate hikes mean for the economy and for consumers

Several prominent analysts have argued that ECB rate hikes will be self-defeating and that they will make a bad situation worse. I don’t agree. Here is why.

12th Sep, 2022 - 5 min read

Peter Kinsella

Finance Columnist

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