There could be some relief today for hard hit home-owners.
The European Central Bank Chiefs meet in Franfurt this morning where its expected they will abandon plans to hike up interest rates over the coming months
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Its as inflation fears ease across the Eurozone.
President Jean-Claude Trichet will hold the news conference at the bank’s headquarters in Frankfurt this afternoon
Economist from National Irish Bank, Ronnie O Toole, believes rate cuts could now be on the agenda reflecting the recent weakness across the broader European economy.