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ECB Cuts Interest Rate to Record Low 0.5%

Posted on May 2, 2013

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 30 days of that.

See a full history of ECB Interest Rates here

Categories: ECB, ECB Rate, Eurozone

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