The cuts when they come, probably no sooner than mid-year, will be good for borrowers struggling with massive home loan repayments.

They will also make it easier for aspiring homeowners to get on the property market as house prices continue to fall.

“From a European and a UK perspective, the Fed cut adds to the risk of more and quicker rate cuts,” said Amit Kara, economist at UBS AG in London who predicts four cuts from the Bank of England this year and two by the ECB.

Continue reading from source:  Examiner.ie