Mary Wilson spoke with us about the two changes in the ECB rate policy, the first being negative interest rates on overnight deposits for banks and the other being the rate cut.
The changes brought deposit rates from 0.0% to -0.1% and the base rate of interest from 0.25% to 0.15%.
We spoke to TV3 News about the ECB move to turn deposit rates negative and implement a small rate cut bringing deposit rates to -0.1% and the base rate to 0.15%.
We were asked about the likelihood of banks passing on yesterdays rate cut to standard variable rate mortgage holders, we don’t think they will.
This piece by Claire Brock of TV3 was about Mario Draghi’s unexpected rate cut of 0.25% last Thursday.
The debate about whether or not it will be passed on still rages. We spoke about that particular issue the following day on both LMFM and Newstalk.