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Irish Mirror
Irish Mirror
National
Cate McCurry

ECB's interest rate rise could help 'contain' house prices and inflation, says Leo Varadkar

Leo Varadkar ECB Inflation Tanaiste Interest Rates Michael McGrath Pearse Doherty European Central Bank

The European Central Bank’s (ECB) hike in interest rates could help “contain” house prices and bring down inflation, the Tanaiste has said.

The ECB announced a 0.75% increase in interest rate, the third rise this year.

Leo Varadkar said that while the rise will not be welcomed by mortgage holders or borrowers, it will help bring down inflation and could bring down house prices.

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