What the move will mean for consumers, mortgage-holders and the economy

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European Central Bank president Christine Lagarde. Photograph: Virginia Mayo/AP
European Central Bank president Christine Lagarde. Photograph: Virginia Mayo/AP

The European Central Bank is expected to raise interest rates this week in an effort to dampen inflation.

What will the move mean for consumers, mortgage-holders and the economy? Cliff Taylor explains.

But first on this week’s podcast: AIB has announced it would no longer provide cash services in many more of its branches across the country.

The move has angered customers, advocates for rural services and bank employees.

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Ciarán Hancock talks to markets correspondent Joe Brennan and Financial Services Union general secretary John O’Connell about the controversial move.