ECB cuts rate to just 0.05%

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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ECB Interest Rate Stays at 0.25%

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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ECB Rate Stays at 0.25%

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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