0.25%

ECB cuts rate by another 0.25%

ECB cuts rate by another 0.25%

The European Central Bank has cut its key interest rate by a quarter of a percentage point to 1% to help the euro zone economy as it slides toward recession because of the debt crisis. The bank last cut rates only five weeks ago on…
Should banks pass on rate cuts?

Should banks pass on rate cuts?

Today's topic may be a little contentious... In a surprise move yesterday Mario Draghi, the brand new ECB President, reduced interest rates and indications are that they may go lower again in the near future (he had been president for a mere 3 days to…