Sorry in advance if this topic is already discussed.
I was working on my household budget..which is always a year or so in advance and didnt know what to predict my mortgage payments any further than the next few months
So I was just thinking about when the ECB rates will start rising again and does anyone have any predictions?
it looks like a cut is on the cards this week and then assuming no more cuts..as soon as say Germany show recovery signs will they rise again and when do you think it'll be? end of 2009 ..first qtr of 2010??
if Ireland is still in a bad way at the time, with income tax and whatever other taxes in the December budget being targeted and then the rates rise its going to leave a lot of mortgage holders in trouble.
anyone got any thoughts or am I worrying needlessly as who knows whats down the line!