Clare Financial Advisor Believes ECB Have Gone Too Far With Latest Interest Rate Hike

A Clare Financial Advisor believes the European Central Bank has gone too far with its latest interest rate hike. It marks the tenth straight rise introduced by the monetary authority since last July, bringing the base rate to 4.25%. Tracker mortgage holders will particularly feel the pinch where those with an outstanding balance of €300,000 would face additional monthly repayments of €320. Howver Tommy Corbett from Carey Corbett Financial Solutions in Ennis says with the rate of inflation beginning to fall, this could the ECBs last increase for some time.