ECB Interest Rate Cut

What you need to know

On Thursday, June 6, the ECB will hold a meeting where it is expected to cut interest rates after nine consecutive increases.

If the ECB goes ahead with the expected cut, it will mean that mortgages, especially those with variable rates, will become cheaper.

Fixed-rate mortgages have also been affected by the rate increases, with average rates rising since mid-2022.

The ECB's decision to cut rates comes as inflation in the Eurozone remains high, driven by rising energy and food prices.