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Double dip EU recession will ECB reduce Interest rate?

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  • 15-11-2012 1:21pm
    #1
    handlemaster
    Registered Users Posts: 6,003 ✭✭✭


    Noting that Europe is now offically in a double dip recession, i'm wondering if the ECB will reduce their interest rate there by reducing the cost of trackers again.


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    #2
    rameire
    Registered Users Posts: 4,152 ✭✭✭rameire


    yes.

    🌞 3.8kwp, 🌞 Split 2.28S, 1.52E. 🌞 Clonee, Dub.🌞



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    #3
    snubbleste
    Banned (with Prison Access) Posts: 31,117 ✭✭✭✭snubbleste


    The only reason the ECB changes its rates is to influence mortgage tracker products in Ireland.


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    #4
    handlemaster
    Registered Users Posts: 6,003 ✭✭✭handlemaster


    snubbleste wrote: »
    The only reason the ECB changes its rates is to influence mortgage tracker products in Ireland.


    I get what your trying to say. But the question doesn't imply that was my opinion. ECB use the rate to spur growth in the European Economy and also more importantly to keep inflation under control. Inflation is less that 3% the economy is stalled so that was the point I was making. If the rate goes down of course this helps trackers.


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    #5
    Anyone
    Registered Users Posts: 3,376 ✭✭✭Anyone


    handlemaster wrote: »
    Noting that Europe is not offically in a double dip recession, i'm wondering if the ECB will reduce their interest rate there by reducing the cost of trackers again.

    Hope not, I'm starting to get a bit sick and tired of subsidising other peoples mortgages.


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    #6
    handlemaster
    Registered Users Posts: 6,003 ✭✭✭handlemaster


    Anyone wrote: »
    Hope not, I'm starting to get a bit sick and tired of subsidising other peoples mortgages.


    The tide goes both ways. You just got to roll with it.


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    #7
    Tow
    Registered Users Posts: 7,382 ✭✭✭Tow


    Anyone wrote: »
    Hope not, I'm starting to get a bit sick and tired of subsidising other peoples mortgages.

    I better not tell you my tracker rate ;)

    When is the money (including lost growth) Michael Noonan took in the Pension Levy going to be paid back?



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    #8
    kkelliher
    Registered Users Posts: 1,583 ✭✭✭kkelliher


    Tow wrote: »
    I better not tell you my tracker rate ;)

    Ditto, but I just did my tax return so I dont for a second believe that anyone is subsidising or paying for me......... we all pay one way or another


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