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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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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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 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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