ECB Interest Rate History

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 refinancing rate is the rate at which the ECB lends money to commercial financial institutions like banks. It is this rate […]
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EBC and Quantitative Easing

Today the  ECB interest rate was kept at 0.05%  – but the European Central Bank also unveiled the details of its quantitative easing programme, which it is hoped will lift the  euro zone economy out of stagnation. The €1 trillion scheme, was first announced in January and will begin on March 9th. The scheme will […]
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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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