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Mon 11 Nov 2008Mortgage repayments may fall by €150 if rates cut
MORTGAGE BORROWERS could see their loan repayments fall by a further €50-€150 in time for Christmas if the European Central Bank (ECB) responds to global pressure to cut interest rates on Thursday. EU and British monetary policymakers are facing mounting pressure to slash interest rates to historic lows.
The ECB's governing council and the Bank of England's monetary policy committee meet this week amid a clamour for rate cuts which are unprecedented in their brief histories.
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