Markets & Economy

Eurozone rate cut could boost mortgage lending and give overseas investors more buying power

Weaker euro would benefit buyers paying in dollars, yen and renminbi
Published on Jun 6, 2014

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by CareyBot

Currency and financial experts believe the 0.1 percent cut in the European Central Bank (ECB) benchmark and the historic deposit rate reduction to below zero could weaken the euro, benefiting international homebuyers funding purchases of eurozone properties using other currencies like the dollar, yen and renminbi ...

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