Jim Power: Inflation battle has been won, but rate cuts could accelerate house prices even further
While the rate cuts already delivered and those yet to come will help Irish mortgage holders, one must be concerned about the impact on the housing market. File Picture: iStock
Over the past couple of years, the sudden sharp surge in inflation and the resultant response from global central banks has been the dominant theme in the world of economics.
After a couple of decades of the ‘great moderation’, the sudden escalation in prices came as quite a shock to everybody and naturally central bankers responded in the only way they know, by increasing interest rates.
