http://www.kiplinger.com/article/business/T019-C000-S010-interest-rate-forecast.html
Assumptions are that the US short term lending rate will rise from 4.25% currently to 5% sometime in 2018. My expectation is that Draghi will follow.
This means that local lending rates will rise by at least the same amount. There is however no guarantee that a .75% rise will be the end of it.
Other thoughts anyone?
cheers
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