ECB Interest Rate Cut Possible Today

Mario Draghi, president of the European Central Bank, takes centre-stage again today as the ECB gathers in  Bratislava for its monthly meeting.

With the eurozone economy shrinking and unemployment at record highs, there’s strong expectation that the ECB will cut interest rates from 0.75% to 0.5% today.

A cut would be good news for people with tracker mortgages – but not so good for people with savings in deposit accounts.