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Interest rates could be cut for 7th time today

Apr 17, 2025 08:29
By News Northern Sound
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Interest rates could be cut for 7th time today

As uncertainty continues about the global economy the ECB looks set to cut its key lending rate by another quarter of one per cent.

Interest rates could be cut for the 7th time in a year today. As uncertainty continues about the global economy the European Central Bank looks set to cut its key lending rate by another quarter of one per cent.

It means an automatic reduction for those with tracker mortgages, and will put pressure on banks to lower other interest rates. However business journalist Emmet Oliver says the ECB is concerned about the impact of US tariffs.

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