Cliff Taylor: Interest rates are likely to go a lot higher than we had expected
ECB’s hawkish approach, spurred on by the likelihood that euro zone will avoid recession, is a huge blow for anyone with a mortgage
Below is an instruction that describes a task. Write a response that appropriately completes the request.

### Instruction: Cliff Taylor: Interest rates are likely to go a lot higher than we had expected

### Response: ECB’s hawkish approach, spurred on by the likelihood that euro zone will avoid recession, is a huge blow for anyone with a mortgage