S&P still expects ECB interest rate hike in September

Credit ratings agency S&P still expects the ECB to raise interest rates for the first time in eight years next September, despite growing sentiment of late that no rate rise is likely until the very end of 2019 at the earliest.

The ECB has already said that interest rates are likely to remain at their current low levels at least through next summer and investor expectations of a first rate hike since 2011 happening no sooner than next October have been building for a number of months; ultimately meaning that Irish households wouldn’t see any effect until 2020.