Misura Blog Financial Information For Better Live

ECB cuts rates by 0.5% as announced

As announced a few days ago the central bank has decided to cut the cost of borrowing by 0.5 percentage points.
Even the British bank has taken the lead with the same decline.

Hoping that this move will start their own markets, the statements indicate that this may not be the last fall:
ECB President Jean Claude Trice explained that the current level of rates at 1, 50% "is not as low as possible." "We have not decided ex ante - says the number one Eurotower - that this is the lowest level." He adds: "The ECB's next move on rates will depend" on our evaluations on data.

"If justified by 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 variable mortgages should change into a savings of no less than 400 per year.

Finally we are talking about a period in which the rate decreases and leaves pull a relief to all persons bound by the hated mortgage.

Finally! We hope to continue like that!