An Ennis economist says the latest ECB rate increase is in the best interests of society in the long term.
The European Central Bank has announced a rate increase of a quarter of one percent from June 17th, with the aim of restoring inflation to 2 percent over the medium term.
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It says the outlook remains uncertain, with the full implications of tensions involving the United States and Iran yet to be realised.
Ennis native and Assistant Professor of Social Policy at UCD, Micheál Collins, has described the move as a first step towards putting the brakes on inflation during very uncertain economic times.
Listen to the full interview here
