And with it the prospect, in time, of higher interest rates? IndicatorsFor now, interest rates remain low and EU underlying inflation indicators remain modest. US long-term interest rates have responded to the debate by moving higher. However, the Fed said this week that it will not raise short-term interest rates – the rates that affect most consumer borrowing – until after 2023. For Irish mortgage borrowers, all the signs are that interest rates will remain on the floor for the next couple of years.

Source: The Irish Times March 19, 2021 16:07 UTC