Monday January 20, 2020

All hail super Mario

Tracker mortgage holders, exporters and bankers will love Draghi’s interest rate cuts - but what about savers?

13th March, 2016
European Central Bank President Mario Draghi

If you’re on a tracker mortgage, send the European Central Bank President Mario Draghi flowers. He’s made your life a little easier. If you sell your stuff abroad, send Mario a gift card or a free sample. If you work in the management of a bank, fall to your knees and pray to His image, for Mario is your salvation.

The ECB this week decided to cut its three main interest...

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