{"id":41643,"date":"2026-06-11T00:22:51","date_gmt":"2026-06-11T04:22:51","guid":{"rendered":"https:\/\/sharewatch.com\/wp\/2026\/06\/11\/ecb-expected-to-raise-interest-rates-later-today\/"},"modified":"2026-06-11T00:22:51","modified_gmt":"2026-06-11T04:22:51","slug":"ecb-expected-to-raise-interest-rates-later-today","status":"publish","type":"post","link":"https:\/\/sharewatch.com\/wp\/2026\/06\/11\/ecb-expected-to-raise-interest-rates-later-today\/","title":{"rendered":"ECB expected to raise interest rates later today"},"content":{"rendered":"
\n

The European Central Bank is widely expected to announce an increase in interest rates this afternoon.<\/p>\n

The current rate of 2% is likely to rise to 2.25% as the bank battles rising inflation as a result of higher energy costs due to the Middle East conflict.<\/p>\n

It will be the first increase since 2023, following the energy price shock caused by Russia’s invasion of Ukraine a year earlier.<\/p>\n

The ECB\u2019s decision will quickly result in higher repayments for Ireland\u2019s 110,000 tracker mortgage customers.<\/p>\n

It also means a shift in the wider interest rate environment, putting upward pressure on other home loans and borrowing costs generally.<\/p>\n

A 0.25% increase on a \u20ac300,000 mortgage over 25 years would add \u20ac37 per month to repayments.<\/p>\n

Many people shopping for mortgages now look at fixed rates offered by Irish banks as they offer better value than variable loans.<\/p>\n

Generally rising interest rates mean that new fixed term loans will increase over time.<\/p>\n

That will affect new customers and those who have come to the end of an existing fixed loan and wish to take out another.<\/p>\n

Observers believe that today\u2019s expected rise is likely to be followed by at least one further increase this year, possibly in September.<\/p>\n

The ECB has a target of keeping inflation at 2%, however, the increase in the cost of living is running at 3.2% among the 21 countries which use the euro. In Ireland it was estimated to be 3.5% in May.<\/p>\n

But the move by the ECB will benefit savers \u2013 provided banks pass on the rate increase.<\/p>\n

Financial institutions frequently do not increase returns for all saving products when central banks put up rates.<\/p>\n

Savers are advised to bear this in mind and use it as an incentive to shop around for the best deal available.<\/p>\n<\/section>\n","protected":false},"excerpt":{"rendered":"

The European Central Bank is widely expected to announce an increase in interest rates this afternoon. The current rate of 2% is likely to rise to 2.25% as the bank battles rising inflation as a result of higher energy costs due to the Middle East conflict. It will be the first increase since 2023, following […]<\/p>\n","protected":false},"author":1,"featured_media":41644,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[19,20],"tags":[],"class_list":["post-41643","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-news","entry","has-media"],"_links":{"self":[{"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/posts\/41643","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/comments?post=41643"}],"version-history":[{"count":0,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/posts\/41643\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/media\/41644"}],"wp:attachment":[{"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/media?parent=41643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/categories?post=41643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/tags?post=41643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}