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 […]
Continue reading…
ECB
ECB Rate Kept at all time Low of 0.25%
The ECB has today kept its benchmark interest rate at the all time low of 0.25%. Another cut was unlikely after the recent surprise cut from 0.5% in November. ECB president Mario Draghi said the decision to keep the rate at its current level reflected the fact that the eurozone’s economy remained “subdued”. In a […]
Continue reading…
ECB Interest Rate Cut to Just 0.25%
The European Central Bank cut interest rates to a new record low of 0.25% today. The move took financial markets by surprise and the euro fell sharply in response while European shares rose. ECB President Mario Draghi told a news conference. “We may experience a prolonged period of low inflation to be followed by gradual […]
Continue reading…
ECB Rate to Remain Low
The European Central Bank chief, Mario Draghi said today that interest rates will stay at record lows for an extended period and they could well be cut further. The ECB rate was kept at 0.5% today and afterwards Draghi said “The Governing Council expects the key ECB rates to remain at present or lower levels […]
Continue reading…
ECB Cuts Interest Rate to Record Low 0.5%
As was widely expected – the European Central Bank cut its main interest rate to a new low of 0.5% today (May 2nd 2013) . The rate, had stood at 0.75% since July 2012. The new rate comes into effect on the 8th May 2013 and should be passed on to tracker mortgage customers within […]
Continue reading…