For a Quote call 1300 793 143
8am-8pm Weekdays, 9am-5pm Weekends
European Central Bank cut interest rate to 2%
As expected European Central Bank (ECB) has cut official interest rate by 0.5% to 2.0 per cent on Friday.
ECB hasn't ruled out further monetary easing, but reduction in official rates was unlikely in the very near term. At least until the next ECB "important meeting" which will take place in March.
It seems ECB does not plan to follow other central banks in taking rates to near zero.
Related Topics:
© Rate Detective - All Rights Reserved
ABN 47 127 196 712 - ACN 127 196 712
Reproduction in part or whole without written
permission is prohibited.
RateDetective operates under the House Home Loans credit license. License number 364974.
Rate Detective and its advisers operate as authorised representatives of Risk Advice Specialists Pty Ltd ABN 27 153 718 079 Australian Financial Service Licence No. 412709. Rate Detective and its advisers are authorised to advise and deal in Life Insurance, Income Protection, Total and Permanent Disability and Trauma Insurance.