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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