Irish Mortgage Brokers Blog

This is an interesting take on the rate cut we are expecting tomorrow, it comes from Fixed Income expert Marc Ostwald of Monument Securities. In a survey of 54 economists it was expected that we may see a 50 basis point or half a percent rate cut.

We have felt that this is likely but you cannot rule out a greater than 50 bip drop because the ECB may want to deliver a good jolt of stimulation and the way to do that may be a greater than 50 basis point reduction, our belief was that it could rise as much as 75 basis points however, Marc Ostwald seems to think that even a whole 100 bips or 1% is not off the cards. We’ll just have to wait and see!