The euro rose on Tuesday, drawing support from the European Central Bank’s plans to raise interest rates to contain inflation, while the yen retested a 24-year low as the Bank of Japan’s ultra-loose monetary policy stance continued to weigh. The euro was 0.5% firmer at $1.0563 after ECB Chief Economist Philip Lane said the ECB .
Remember the halcyon days of November 2021 when the bank rate was just 0.1%? The rate is now 1.25%, which seems sure to push up the cost of mortgages..
Remember the halcyon days of November 2021 when the bank rate was just 0.1%? The rate is now 1.25%, which seems sure to push up the cost of mortgages..