Episode Details

Interest rates are climbing again as the European Central Bank prepares to raise them by a quarter-point to 2.5%, reversing a recent trend of stability or cuts. Driven by soaring energy costs and inflation at 3.3%, this move will directly impact your mortgage and investments. Globally, rising debt costs — including the U.S. military budget being outspent by interest payments — signal potential economic strain. For Irish listeners, now’s the time to lock in fixed-rate mortgages if you’re on variable terms, and to rethink low-yield savings — consider bonds, stocks, or higher-return alternatives to beat inflation.

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