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Tracker customers to benefit immediately from interest rate cut and ‘move will also put further downward pressure on variable and new fixed rates’
The European Central Bank (ECB) looks set to reduce interest rates to 2 per cent or less before the summer, with the cumulative impact of multiple cuts seeing the annual cost of home loans for almost 200,000 borrowers fall by over €2,000, according to financial analysts.
For the second month in succession and the third time since June, the ECB cut its key rate by one quarter of a per cent.
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