Analysts have hailed ECB head Mario Draghi as his handling of a cutback in euro crisis measures helped relieve European exporters, boosted European stock- markets, pushed down Irish bond yields, while reassuring there would be no early hike in interest rates.
Banks will face extensive scrutiny of their mortgage loan books and have to justify more clearly the way they deal with distressed borrowers in arrears in the Programme of Government struck between Fine Gael and the Independent Alliance.
A leading economist recommends investors should buy the bond debt of the so-called eurozone peripheral nations, such as Portugal, Spain and Italy, as market participants predict that ECB rates could stay at ultra-low levels for a decade.
Interest rates are low; very low, and staying low for a considerable time. This has a dramatic impact on savers, annuity holders, and investors: No compounding of interest, inflation eating into your capital, and maybe negative interest rates to come.