ECB rate cut to reduce Irish monthly mortgage payment on 30-year €300,000 loan by €80 - - saving of €500 since last October
Mar 5th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Today’s announcement by the Governing Council of the ECB (European Central Bank) to cut the base-lending rate to 1.5% will result in a saving of €80 per-month-savings on a 30-year €300,000 mortgage - - a total monthly reduction of €500 since last October.