{"id":16103,"date":"2025-09-12T07:25:08","date_gmt":"2025-09-12T07:25:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/16103\/"},"modified":"2025-09-12T07:25:08","modified_gmt":"2025-09-12T07:25:08","slug":"john-burns-the-ecb-keeps-interest-rates-at-2pc-what-does-it-mean-for-irish-mortgage-holders","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/16103\/","title":{"rendered":"John Burns: The ECB keeps interest rates at 2pc. What does it mean for Irish mortgage holders?"},"content":{"rendered":"<p><img decoding=\"async\" alt=\"Christine Lagarde, president of the ECB, gestures at the press conference of the European Central Bank in Frankfurt on Thursday, September 11, 2025. Photo: Getty\" src=\"https:\/\/www.newsbeep.com\/ie\/wp-content\/uploads\/2025\/09\/b5a86288-2bf5-42b2-86d6-cea98e7cc097.jpg\" loading=\"eager\" width=\"100%\" data-testid=\"article-image\"  \/><\/p>\n<p class=\"indo-ebe0ecc6_root indo-ebe0ecc6_caption1 indo-300db776_none indo-91174671_secondary indo-66f0fec7_regular indo-1d70522a_marginbottom0 indo-1d70522a_marginleft0 indo-1d70522a_marginright0 indo-1d70522a_margintop3 indo-b48c4984_left\" style=\"color:var(--color-grey-60)\">Christine Lagarde, president of the ECB, gestures at the press conference of the European Central Bank in Frankfurt on Thursday, September 11, 2025. Photo: Getty<\/p>\n<p class=\"indo-ebe0ecc6_root indo-ebe0ecc6_paragraph indo-300db776_none indo-91174671_primary indo-1d70522a_marginbottom0 indo-1d70522a_margintop0 indo-b48c4984_inherit\" style=\"color:var(--color-primary-80)\">Q: Given the political turmoil in France and the uncertainty caused by US president Donald Trump\u2019s tariffs, why did the European Central Bank (ECB) decide not to cut interest rates again?<\/p>\n<p class=\"indo-ebe0ecc6_root indo-ebe0ecc6_paragraph indo-300db776_none indo-91174671_primary indo-1d70522a_marginbottom0 indo-1d70522a_margintop0 indo-b48c4984_inherit\" style=\"color:var(--color-primary-80)\">A: The governing council, at its meeting in Frankfurt, kept the main deposit rate at 2pc. This was the second meeting in a row where it left interest rates unchanged, ending a long series of cuts that went all the way back to June 2024. The ECB had reduced rates eight times in a year, bringing them down from a peak of 4pc.<\/p>\n","protected":false},"excerpt":{"rendered":"Christine Lagarde, president of the ECB, gestures at the press conference of the European Central Bank in Frankfurt&hellip;\n","protected":false},"author":2,"featured_media":16104,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[72,14724,2606,113,61,60,5243,9865],"class_list":["post-16103","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-christine-lagarde","tag-ecb","tag-economy","tag-ie","tag-ireland","tag-john-burns","tag-money-guides"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/16103","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=16103"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/16103\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/16104"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=16103"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=16103"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=16103"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}