Jean-Claude Trichet, head of the European Central Bank has hinted that he may look at cutting interest rates on January the 15th, this contradicts his previous statement saying that he will give a pause on interest rates in the next ECB meeting. Current ECB rate is at 2.5%! The new rate cut could progress due to the need to hold inflation above 2%,. Debt laden Ireland will welcome the reduction as well as recession hit Europe, but the questions consumers will be asking is ... Read More