European Central Bank Archives - Page 8 of 8

Interest rates on course to hit record low next month

Mortgage holders can look forward to some New Year cheer with interest rates on course to hit an historic low next month as part of Europe’s battle to save the euro. Following cuts of 0.25% last month and this week, another cut is expected in…

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ECB cuts rate by another 0.25%

Mortgages & Money, Property News

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…

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Mortgage rate cut expected today

Mortgages & Money, Property News

Homeowners are expected to receive a boost today with the European Central Bank expected to cut its benchmark interest rate for the second time in as many months. If the cut goes ahead, as has been widely anticipated, the average Irish tracker mortgage holder could be…

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Another mortgage rate cut on the cards

Mortgages & Money, Property News

Mortgage holders are expected to receive a pre-Christmas boost later this week when a rate cut of 0.25pc, and possibly as high as 0.5pc, is announced. The European Central Bank (ECB) is expected to cut its key interest rates for the second time in two…

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ECB urged to cut interest rates

Mortgages & Money, Property News

THE European Central Bank should cut interest rates and step up its bond purchase programme to support confidence and economic activity in the eurozone, the OECD has said. In its world economic outlook, the Organisation for Economic Cooperation and Development forecast that economic growth in…

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Minister rules out legislation forcing banks to pass on rate cuts

Mortgages & Money, Property News

Minister for Finance Michael Noonan insists he has no plans to implement legislation to compel lenders to reduce their standard variable rates but will keep the matter “under review.” Responding to a query from Deputy Aodhán Ó Ríordáin in the Dáil last week, the Minister…

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Are you entitled to a tracker mortgage? Homeowners urged to check their contracts

Mortgages & Money, Property News

HOMEOWNERS are being urged to check their mortgage contracts to check whether or not they are entitled to be on valuable tracker deals. A number of homeowners who chose to fix the rate on their mortgage when they purchased their property may be entitled to…

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More than 100,000 now struggling with mortgages, new figures reveal

Mortgages & Money

NEW figures set to be released by the Central Bank on Friday will show that more than 100,000 people are now struggling to repay their mortgages. This will be the first time that the number of people in trouble with their mortgages has breached the…

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Should banks pass on rate cuts?

Property News

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…

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