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ECB Cuts Interest Rate

There's good news for those with tracker mortgages.

The European Central Bank has cut its key interest rate to a new historic low of 0.15% 

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The bank is worried that the cost of living is rising slower than expected, and needs to make measures to increase the supply of money in the economy.

This is expected to take around €8 off the monthly repayment for every €100,000 on a 30-year loan.

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