deflation

ECB cuts interest rates to 0.15%

ECB cuts interest rates to 0.15%

Euro zone interest rates were cut from 0.25 per cent to 0.15 per cent today in a bid to revive the continent’s moribund economy and stave off the threat of deflation. The news will be a welcome boost for those on tracker mortgages, who will…
O'Brien predicts "property prices have probably bottomed out"

O'Brien predicts "property prices have probably bottomed out"

Irish Times economics editor Dan O’Brien has suggested in his newspaper column today that “property prices have probably bottomed out.” Writing in the business section, the highly-respected O’Brien said that “an inflection point in property prices was reached early last year,” adding that, “after a…