If the ECB interest rate is going to fall soon, then it may not be a good idea to fix a rate. But on the other hand…
Don’t hold your breath, but we may finally have a chink of light at the end of the European Central Bank’s monetary policy tunnel – which has been ascending since July 2022.
Its job is to keep inflation at 2pc – but at one stage it hit five times that, launching 10 successive interest rate hikes, which hit Irish mortgage holders in the gut.