Loan And Mortgage Information

ECB cuts rates by 0.5% as announced

by admin on 06/02/09 at 10:40 pm

As announced a few days ago the central bank has decided to cut the cost of borrowing by 0.5 percentage points. The British bank has followed the lead of the same decline.
Hoping that this moves closer to new markets, the statements show that this may not be the last fall:

The President of ECB Jean Claude Trice explained that the current interest rates at 1, 50% “is not as low as possible.” “We have not decided ex ante – says the number one The Eurotower – that this is the lowest level.” He adds: “The next steps of the ECB rate will depend” on our evaluations on data. “
“If justified by the facts and figures and if we see that materialize some of the risks assumed, do not exclude that there may be a new cut in interest rates.”

And on the downturn loans variables should be transformed into a saving of 400 Euros a year.

At last we are talking about a time when the rate decreases and pull leaves a relief to all persons bound by both hated loan.

We hope to continue like that!