Global interest rate worm preparing to turn

FROM the perspective of borrowers in Ireland, the last few days have been quite interesting.

Global interest rate worm preparing to turn

On Wednesday morning the Central Bank of Ireland released lending data, which vividly demonstrated the borrowing binge in Ireland continues at a frenetic pace.

Later that day, the US Federal Reserve implemented its first interest rate increase in a long time, signaling that the global interest rate cycle is turning.

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