Date: 5th October 2016
Author:
Type: In the news
In a surprise announcement this morning, the ECB’s President Mario Draghi announced a significant hike in interest rates, thereby putting an end to an unprecedented era of financial repression. At this stage details are slow to emerge and remain sketchy, but savers across Europe can now finally look forward to stop seeing the real value (after inflation) of their savings being destroyed by the ECB policy.
Watch this space as BETTER FINANCE keeps track of this unfolding situation.