Tracker mortgage customers are poised for a reduction in their monthly mortgage repayments, with the European Central Bank (ECB) giving its clearest signal yet that interest rate cuts are on the way.
At its last monthly meeting, the ECB left rates unchanged at 0.25 per cent but has now made it clear that a rate reduction is likely next month.
ECB president Mario Draghi said that the governing council was “comfortable with acting next time but...
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