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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ECB – Interest Rates Cut

The ECB has announced a cut in the  base interest rate from 0.25% to 0.15%. The rates that banks get for funds on deposit has also been cut to minus 0.1%   – making it the first major central bank to venture into negative interest rates.  Both cuts take effect from June 11th. The ECB hope […]
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