US EditionJohn Burns: The ECB Keeps Interest Rates at 2pc. What Does It Mean for Irish Mortgage Holders?
15 Articles
15 Articles
John Burns: The ECB keeps interest rates at 2pc. What does it mean for Irish mortgage holders?
Q: Given the political turmoil in France and the uncertainty caused by US president Donald Trump’s tariffs, why did the European Central Bank (ECB) decide not to cut interest rates again?
The deposit rate, which is important for banks and savers, remains at 2 percent. The ECB had not already touched it in July.
The European Central Bank (ECB) decides to prolong the pause and maintains the deposit facility at 2% for the second time in a row. The Frankfurt-based Governing Council meets market expectations and leaves unchanged the reference to the price of money, a trend that began last July. This breaks the cycle of cuts initiated in June 2024 after which it has implemented eight cuts, seven of them in a row. Specifically, it has placed the deposit facil…
Bundesbank President Joachim Nagel currently sees no need for the European Central Bank (ECB) to cut interest rates further. The ECB Council decided at its September interest rate meeting on Thursday to leave the key interest rate unchanged at 2.0 percent.
Hello, how are you? Well, thank you for asking. Well, that’s it, the ECB has already met in Frankfurt and, as is often said in these cases, complied with the script and
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