ECB Draghi remarks may spell 'good news' for Irish tracker mortgage holders

The ECB is unlikely to move interest rates significantly higher next year and any rate hike will be modest, spelling good news for tracker rate mortgages, Irish economists have said.

Following the central bank's first meeting of the year, ECB head Mario Draghi sounded a dovish tone on the prospects of any toughening of monetary measures, as a key survey pointed to little or no growth across large eurozone economies in recent months.