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Interest rates expected to be...

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Interest rates expected to be cut

Ruairi O'Hagan
Ruairi O'Hagan

07:37 12 Dec 2024


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There could be good news for some homeowners today.

The European Central Bank is widely expected to cut interest rates at its monthly meeting, meaning a reduction in home loans for those with tracker loans.

It'll be the fourth cut this year.

Economist Austin Hughes says a quarter of one percent is expected, but it could be even bigger.

"There is a very slight chance, and I do mean it's a slight chance and not a significant chance, that they could cut by half a percent instead of a quarter of a percent.

"The focus of attention has switched quite dramatically - they were previously worried about inflation being too high, but now there's a sense that inflation has eased and the economy may be too weak."


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