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From house prices to your savings, key factors in how higher interest rates will affect the real economy

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European Central Bank (ECB) President Christine Lagarde on Monday made the clearest forecast yet that the era of ultra-low interest rates will end this summer. By the end of September, the ECB will no longer charge banks for storing their money overnight, Ms Lagarde suggested.

This will be the start of a rare normalization of public interest – including the ECB’s return to its traditional practice of charging banks that lend it money.

https://www.independent.ie/business/from-house-prices-to-your-savings-key-ways-higher-interest-rates-will-affect-the-real-economy-41681061.html From house prices to your savings, key factors in how higher interest rates will affect the real economy

Fry Electronics Team

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