The European Central Bank (ECB) has implemented its fifth interest rate cut since June, reducing lending rates by 0.25 percentage points, with the possibility of further cuts ahead. The decision will provide direct relief to around 130,000 homeowners with tracker mortgages. A couple with €200,000 remaining on their tracker over 10 or 15 years will … Read more
The euro briefly fell back below parity with the dollar today after the European Central Bank (ECB) raised interest rates, and US data showed that the world’s biggest economy rebounded more than expected in the third quarter. The ECB raised its deposit rate by 0.75% to 1.5%, the highest since 2009, in an effort to … Read more
The European Central Bank’s (ECB) governing council meets today in Frankfurt, amid expectations that interest rates may be raised by another 0.75%. The ECB has already raised interest rates twice this year, by half a percentage point in July and three-quarters of a percentage point in September. Market experts broadly expect rates to be raised … Read more
A top European Central Bank official has warned targeted and temporary measures should be used to tackle rising inflation. Philip Lane, the chief economist of the European Central Bank, acknowledged that people were experiencing a major increase in the cost of living but said that he believed the rate of inflation will fall later this … Read more