Tens of thousands of homeowners who have been shielded to date from surging interest rates are at risk of being hammered as their debt is repriced next year, even as financial markets bet the ECB hikes will start to reverse.
The Central Bank warned yesterday that the full hit of higher borrowing costs has not yet been felt, including the 40pc to 50pc of mortgage-holders who have not seen their monthly repayments rise even though the European Central Bank has hiked rates 10 times in 16 months to 4.5pc.
Read the full details in the Irish Independent.
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