March 6, 2025 | 6:53 am
The ECB is expected to deliver another interest rate cut this lunchtime.
The European Central Bank is likely to confirm a further 0.25 per cent reduction, its sixth since last June.
It will almost immediately benefit around 130 thousand tracker mortgage holders here, and in time should see variable rate loans reduced.
It’s hoped the rate cut would help bring inflation in Europe closer to the ECB’s target of 2 per cent.
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