The European Central Bank (ECB) is anticipated to implement a 0.25 percentage point interest rate cut, marking the seventh consecutive reduction aimed at mitigating risks of economic slowdown due to recent tariff implementations by Donald Trump. Investors are forecasting a strong possibility of this cut occurring at the ECB's upcoming meeting, reflecting increased concerns over the economy. This move, alongside a decline in euro area inflation, is expected to lower borrowing costs for individuals and businesses, particularly benefiting tracker mortgage holders and first-time home buyers, making loans more affordable.
Analysts predict a 0.25 percentage point interest rate cut by the ECB, the seventh consecutive reduction, aiming to counteract economic slowdown fears.
Investors see a 90% chance of this rate cut as ECB responds to recent economic threats, providing relief for household and business borrowers.
As rates fall to the lowest levels in nearly two years, the expected cut is poised to make borrowing more affordable for first-time buyers.
Tracker mortgage holders will see a decrease in monthly repayments, with each 0.25 percentage-point cut translating to €13 savings per €100,000 owed.
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