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Local financial expert predicts more interest rate increases

Dec 18, 2022 10:13
By Shannonside News
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Local financial expert predicts more interest rate increases

These measures are being used to tackle high EU inflation

A 4th increase in interest rates will not be last according to a local financial expert.

John Finn is Managing Director of Treasury Solutions Limited, a Cork-based Finance Management comapny.

The European Central Bank has raised interest rates by zero point five percentage points, in another blow to some mortgage-holders.

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According to the Lanesboro native, these measures are being used to tackle high inflation rates across the EU.

Speaking to the Joe Finnegan Show this week, John says these measures must maintain a precise balance for the benefits to be seen:

 

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