Relief for mortgage holders as ECB cuts interest rates for fourth time since June

Relief for mortgage holders as ECB cuts interest rates for fourth time since June

Around 130,000 tracker mortgage customers in Ireland are set to benefit as the European Central Bank (ECB) announced its fourth rate cut since summer, reducing the lending rate it charges banks by 0.25 percentage points. This decision comes after a series of 10 consecutive rate hikes, which ended in September last year. The move will … Read more

Boost for Irish mortgage holders as ECB cuts interest rates for second time this year

Boost for Irish mortgage holders as ECB cuts interest rates for second time this year

The European Central Bank on Thursday announced a second rate cut of the year by slashing its deposit rate by 25 basis points to 3.50 per cent. The move comes as a good news for tens of thousands of people with tracker mortgages who will see the benefit of the cut immediately. The Frankfurt-based central … Read more