Hike rates

Irish borrowing costs climb as ECB prepares to hike rates and end quantitative easing

The Irish government’s cost of borrowing in bond markets approached its highest level in eight years on Wednesday ahead of a much-anticipated meeting of the European Central Bank’s governing council.

he meeting is expected to pave the way for the first interest rate hike in more than a decade in July and an end to quantitative easing in an effort to calm inflation.