ECB rate cut to 1.25% to cut monthly payment on €300,000 30-year loan by €39; Saving since last October
Apr 2nd, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Today’s announcement by the Governing Council of the ECB - - European Central Bank - - to reduce interest rates by a quarter-a-percent to 1.25% will reduce the monthly payment on a €300,000 30-year by about €39. Since last October, repayments have fallen by about €509.
