Tag Archives: eurozone

FILE - European Central Bank Lowers Key Interest On 2,0 Per Cent

ECB leave interest rates unchanged

The European Central Bank has left its interest rate unchanged today, as had been expected. In July the ECB said it would keep rates at current or lower levels for an “extended period”. Their move today means that rates remain at a record low of 0.5%. The ECB rate has a direct effect on tracker [...]

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Cllr Sean McSharry

Leitrim councillor expresses fears over property tax

A councillor from County Leitrim has aired his fears that the forthcoming property tax will drive struggling households deeper into the poverty trap. Cllr Sean McSharry asked: “How can a government ask homeowners to give an honest evaluation on homes that are in serious negative equity compared to the purchase price valuation?” Quoted in the [...]

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People are making a habit of saving more regularly

Increase recorded in number of people saving

Concerns about the future of the Eurozone last month saw Irish people increase the amount of savings they stow away, the latest Nationwide UK (Ireland)/ ESRI Savings index out today shows. Those that are able to save are doing so with a precautionary motive as the ongoing uncertainty continues to have a negative impact on [...]

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Mortgage interest rates were unchanged in May, according to the Central Bank

Mortgage interest rates unchanged in May

Mortgage interest rates payable by consumers remained largely unchanged in May, but are still lower than the eurozone average, according to the Central Bank. According to the financial watchdog’s May retail interest rate stats, published on Friday, average rates on outstanding loans to households for house purchases amounted to 2.98% as of the end of [...]

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European Central Bank

ECB now expected to leave rates untouched this month

Economists now expect the European Central Bank to leave their rates untouched when they meet later this week. It had been reported last week that the ECB was set to cut mortgage interest rates to a record low of 0.75% after Eurozone inflation dropped below 3% for the first time in three months in December. [...]

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ECB urged to cut interest rates

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 the 17 countries using the euro will slow to 0.2% [...]

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