Trackers safe as ECB rates unchanged

TRACKER mortgage holders are likely to be spared any interest rate increases in the coming months, with the European Central Bank (ECB) signalling rates will remain at their record low rate.

Although ECB president Jean-Claude Trichet gives little away when announcing any changes in interest rates, analysts were led to believe there will be no move any time soon.

The analysts had been expecting some indication of a hike given the rise in inflation recently.