Irish Times: ECB’s rate cut to help 400,000 mortgage holders

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Hundreds of thousands of mortgage holders have been given an early and unexpected Christmas present by the European Central Bank, which cut its main interest rate to a new low of 0.25 per cent yesterday.

http://www.irishtimes.com/news/consumer/ecb-s-rate-cut-to-help-400-000-mortgage-holders-1.1587730