Unwinding the years of loose monetary policy, including super-low interest rates, was never going to be easy. as interest rates rise. As this plays out, ECB interest rates could top out at a lower than earlier anticipated, When they might then start to decline is, then, another question and one very difficult to predict. In the US, there is talk of interest rates actually falling later this year, though they may rise again before this happens. But higher interest rates are taking a toll, international markets are nervous and the next few months look like they could be bumpy.

Source: The Irish Times March 19, 2023 13:10 UTC