Budget will grab any savings from interest rate cut

You need to take action to reduce outgoings, so try to cut the cost of life and health insurance, as well as rising fuel bills, writes Frank Conway.

13th November, 2011

Just days after he took the helm at the European Central Bank (ECB), Mario Draghi made a bold decision to cut the ECB base rate by 0.25 per cent. This shocked ECB watchers and surprised markets, yet pleased individual homeowners in Ireland whose monthly mortgage repayments are directly linked to the base rate of the ECB.

There are three mortgage camps in Ireland.

There are about 400,000 mortgage-holders in this special camp. Because their loans are...

Subscribe from just €1 for the first month!


What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

The year in review

Newsround: What Thursday’s papers say