Interest rates are on the way up again.
They are expected to increase by a half of one percent when the ECB meets at lunchtime.
The European Central Bank has raised rates by a total of 2% since July in an effort to tackle spiralling inflation.
Economist Jim Power expects interest rates to increase by a further 1% on top of today's announcement.
"Countries will be in recession in the first quarter of next year, so increasing interest rates aggressively in that sort of environment does not make any sense to me.
"I have to say I would be surprised if after today's move we saw anything more than another 1% in this interest rates cycle."
