“How far does inflation have to rise until the ECB starts hiking interest rates?” he asked. If interest rates increase rapidly, house buyers could ultimately find themselves with very high mortgages and instability in the market place like in the 1990’s when interest rates in the UK doubled over 6 months from 7% to 14% and the result was people ended up having mortgages on properties that were substantially less value than when purchased yet paying interest on same. Christine Lagarde, ECB President. Source eurasiareview

Wednesday, February 9, 2022 Eurasia Review Raising Interest Rates Won’t Change Energy Prices, Says ECB Chief Lagarde February 9, 2022

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