ECB expected to cut interest rates today

ECB expected to cut interest rates today ECB expected to cut interest rates today

The European Central Bank is expected to announce an interest rate cut of 0.25% at its meeting today.

It would bring the rate to an historic low of 0.5% and would be a boost to struggling homeowners.

The cut would reduce the monthly repayments on every €100,000 owed on a tracker mortgage by €15.

The bank is also expected to unveil new measures to encourage banks to lend in the SME sector.

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