Macro Musings with David Beckworth cover image

Tomas Hirst on the State of ECB Policy and the Eurozone Economy

Macro Musings with David Beckworth

00:00

Is the ECB Going to Keep Raising Rates?

The heterogeneous nature of the mortgage market across the Eurocent. In Spain, for instance, around a quarter of all mortgages outstanding are floating rates. The interest cost on those will move in step with changes in the base rate. So that's another channel through which really is it credible that they're going to keep raising rates? I don't think that's credible.

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