So, it looks like tracker holders are getting a cut in September…

[Sarenco]

… due to a technical change to the main refi rate.

0.35% rate cut likely for tracker mortgages in September

The holders of tracker mortgages in Ireland look set to benefit from a 0.35% reduction in their interest rates in September.

www.rte.ie

 

[colin44]

This didnt happen?

 

[ClubMan]

This didnt happen?

It did.

Who will benefit from ECB interest rates cut?

There is little surprise that the European Central Bank has moved to cut rates by a further 0.25%.

www.rte.ie

There is little surprise that the European Central Bank has moved to cut rates by a further 0.25%.

...

The ECB earlier this year had flagged that it would make a technical adjustment of 0.35% to rates which banks use to price tracker loans.

It means those customers will get a 0.6% reduction which would be worth €33 per month for every €100,000 borrowed

Key Post - Technical reduction in ECB rate coming into effect on 18th September

There was talk in news a couple of months back (on rte.ie on 15th March) about a likely change for tracker mortgages in September. It was in relation to a technical change by the ecb. The ecb were planning to reduce the refinancing rate by .35%.....my tracker is plus ECB plus 1.05%. My...

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