News Charlie Weston

Tuesday 28 February 2017

Tracker mortgage holders are the real winners here

Charlie Weston

Charlie Weston

It's great if you are one of the 375,000 tracker mortgage holders
It's great if you are one of the 375,000 tracker mortgage holders

GET used to it. Eurozone interest rates are low, very low, and are going to stay that way for a good while yet.

President of the European Central Bank Mario Draghi has attempted to calm fears about a faltering recovery in the 18-country eurozone by committing to two-and-a-half years of official interest rates at the current record low.

A year after the euro area exited its longest recession, the Frankfurt-based ECB is still battling too-low inflation and attempting to reboot demand.

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