In the Eurozone there are several interest rates which are set by the ECB.The rate that most people in Ireland on tracker mortgages are interested in is called the main refinancing rate . The ECB main refinancing rate is due to go up to 3.5% on March 22nd 2023 This rate was reduced to an […]
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At todays monthly meeting of the ECB it was announced that the headline interest rate will be cut to zero from the current low rate of 0.05%. The last cut in the ECB rate was in Sept 2014 when it fell from 0.15% to 0.05%. This cut initially caused a decline in the value of […]
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At today’s meeting of the Governing Council of the ECB it was announced that the main refinancing interest rate will be decreased from 0.15% to 0.05%, from 10th September 2014. This is the rate that affects tracker mortgages – so that is some good news for anyone lucky enough to still have a tracker mortgage. […]
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The European Central Bank left interest rates on hold today (Thursday) despite forecasting low inflation for years to come. The ECB left its main interest rate at 0.25 percent – which was expected and it also held the deposit rate it pays banks for holding their money overnight at 0%. Further cuts were not ruled […]
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The European Central Bank has kept interest rates on hold at 0.25 per cent for the second month in a row following November’s cut. The decision was widely expected, even though inflation had fallen in December and record unemployment is weighing on consumer spending. If the eurozone economy does not recover – economists predict ther […]
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