![europeanCentralBankECB_large](https://img.resized.co/myhome-ie/eyJkYXRhIjoie1widXJsXCI6XCJodHRwOlxcXC9cXFwvYmxvZy1kZXYubXlob21lLmllXFxcL3dwLWNvbnRlbnRcXFwvdXBsb2Fkc1xcXC8yMDEzXFxcLzEwXFxcL2V1cm9wZWFuQ2VudHJhbEJhbmtFQ0JfbGFyZ2UtMzAweDE2Mi5qcGdcIixcIndpZHRoXCI6XCIzMDBcIixcImhlaWdodFwiOlwiMTYyXCIsXCJkZWZhdWx0XCI6XCJodHRwczpcXFwvXFxcL25ld3MubXlob21lLmllXFxcL2ltYWdlc1xcXC9uby1pbWFnZS5wbmdcIixcIm9wdGlvbnNcIjp7XCJvdXRwdXRcIjpcIndlYnBcIn19IiwiaGFzaCI6ImE2N2U2ZDAwMmVmNWUzOTdhOWFmZTIwNmNjZWUzYzcxODBhNzUzMGMifQ==/ecb-leaves-interest-rate-unchanged.jpg)
There was good news for tracker mortgage holders today as the ECB announced it was leaving its interest rate unchanged.
The current rate of 0.5% is at an historic low and automatically affects those on tracker mortgages whenever it rises or falls.
Every time the rate increases by quarter of a percentage point it adds €15 a month to a mortgage per €100,000 borrowed.
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