ECB again reduces interest: what does this mean for your savings book, loan and investments?

The European Central Bank (ECB) has again reduced its most important interest rate – now for the eighth time this year – by 25 basis points, to 2 percent. That is the lowest level in two and a half years. What does that mean for your savings book, loan and investments? Vincent Juvyns, investment expert at ING, explains that such a reduction is not only bad news.

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