ECB Interest Rate Cut: Limited Benefits for Borrowers
October 15, 2024
The European Central Bank is set to announce its third interest rate cut since June, aiming to provide relief to borrowers. Although the 0.25% reduction is expected to bring limited benefits, those with fixed interest rates will not enjoy this change. However, borrowers with variable rates may see some positive impact on their payments. Overall expectations suggest that the total reduction will be felt more significantly in the future.