The European Central Bank is expected to cut interest rates by a quarter of a percentage point today, marking the eighth reduction in the past 12 months as officials pivot from fighting inflation to supporting the struggling eurozone economy. Analysts widely anticipate another quarter-point reduction that would bring the central bank’s key deposit rate down … Read more
The European Central Bank (ECB) has cut interest rates for the first time in five years, providing much-needed relief to mortgage holders. The deposit interest rate has been reduced by 0.25%, from 4% to 3.75%. This move comes after a series of rate hikes aimed at controlling inflation, with the ECB raising rates ten times … Read more
Irish mortgage interest rates remain the third lowest in the Eurozone, despite the European Central Bank (ECB) beginning to raise them. The most recent rate increase, which brought the rate to 2.5% last Thursday, was one of many that the ECB has announced as part of its efforts to combat the inflation crisis. These increases … 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
The European Central Bank (ECB) is considering a design change for Euro notes. According to a report by the Journal, a final decision on the new look is expected in 2024. The Euro currencies was introduced in cash back in 2002 and currently used in 19 member states. “After 20 years, it’s time to review … Read more