Stephen Hamilton: Fixed-rate mortgage pain set to get worse

Even without further official rate increases, which are expected, banks are tipped to increase their fixed-rate mortgages this year

Those rolling off fixed-rate mortgages will be concerned at what will happen to costs. Picture: Denis Minihane

There's been a whirlwind of financial headlines: Inflation running at record highs, tech giants laying off thousands of people, energy bills soaring, and more recently major US and Swiss banks going to the wall. 

It all comes as global central banks raise interest rates in a battle to curb spiralling inflation.