Bank of Ireland’s Dan McLaughlin forecasts ECB rate rise in July
Jun 27th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Bank of Ireland's Dan McLaughlin, who as recently as last month was forecasting two ECB - European Central Bank - rate cuts in the second half of 2008, has reversed course and now accepts that the bank is set to raise its benchmark rate to 4.25% on July 3rd.