The European Central Bank (ECB) has increased its benchmark interest rate to 0.0%. The rate was previously -0.5%.
As you can imagine, moving out of negative interest rates will be a massive boost to savers across Europe.
The move comes as Europe tries to deal with surging inflation.
Farrell Financial Planning are independent financial advisers based in Glasgow. Farrell Financial Planning advise on pensions, investments, inheritance tax planning, life assurance, income protection and much more. Farrell Financial Planning do not advise on future interest rate movements.
Contact Farrell Financial Planning to find out how our independent financial advice could help you.
Information is correct as at 21/07/22.