Is the ECB cutting rates again this week? I thought I saw it on a post here somewhere. I have an eSavings Plus account with UB. They last cut their rates on the 16th March...will they also be getting cut again?
Is the ECB cutting rates again this week? I thought I saw it on a post here somewhere. I have an eSavings Plus account with UB. They last cut their rates on the 16th March...will they also be getting cut again?
There is an 80% chance that the ECB rate will be cut to 1.00% this Thursday according to a Reuters survey. It will be a few weeks after that before most banks respond with savings cuts.
Eight out of 10 economists polled expected the main refi rate to be cut by 50 basis points to 1 percent, with only a small number predicting a smaller, 25-point move or a freeze at the current 1.5 percent.
There is an 80% chance that the ECB rate will be cut to 1.00% this Thursday according to a Reuters survey. It will be a few weeks after that before most banks respond with savings cuts.