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Friday 29 September 2023 Dublin: 12°C

# European Central Bank

Last week
17th September 2023 - 23rd September 2023
Property prices continue to rise, with the average house price now at €320,000
Prices in Dublin have fallen while prices in all other counties have risen by 3.8%.
This month
September 2023
ECB hikes interest rates to record high after 10th straight increase
The latest price hike sees interest rates rise by 0.25%.
Last month
August 2023
Bank of Ireland to increase savings and deposit rates
Irish banks have been criticised for not passing higher interest rates back to savers via higher deposit rates.
This year
2023
European Central Bank increases interest rates for the ninth time since last summer
The ECB last increased its interest rates on 15 June by 0.25%.
Irish mortgage rates rise above eurozone average with further increases likely
The average interest rate for a new mortgage in Ireland was 3.84% in May, up from 3.63% in April.
AIB Group increases mortgage rates in response to ECB hikes
Fixed rates will increase by between 0.15% and 0.70%, effective from tomorrow
'My mortgage has gone up by €330 a month this year alone. Where will it end?'
The latest interest rate hike by the European Central Bank is set to leave Irish mortgage holders with higher bills.
European Central Bank increases interest rates for the eighth time since last summer
The institution has increased interest rates, for the eighth consecutive time, by 0.25% this morning.
Financial advisor: Another ECB hike has been imposed - what should mortgage holders do?
Kieran McAuliffe of Provest looks at today’s ECB increase in interest rates – the seventh in a row – and has some advice for mortgage holders.
European Central Bank raises interest rates by 0.25 percentage points
The institution has lifted rates at an unprecedented pace since last year to combat spiralling energy and food costs.
European Central Bank expected to hike interest rates again as inflation grows
The inflation rate in the eurozone rose to 7% in April.
EU leaders insist eurozone banking sector is stable as shares plunge
Shares in several German, French and British banks have tanked.
European Central Bank hikes interest rates for sixth time since last summer
The base interest rate in Ireland will now rise to 3%.
AIB due to raise mortgage rates following European Central Bank hike
The bank said that it intended to raise interest rates further in March.
Bank of Ireland increasing fixed mortgage rates again
The banks’s fixed interest rates will increase by 0.75% for all new mortgage loan drawdowns.
Permanent TSB announces rate increases for new fixed rate mortgages
The hike in mortgage rates follows interest rate changes by the European Central Bank.
Last year
2022
European Central Bank slows pace of interest rate hikes with 0.5% rise
In response, Bank of Ireland confirmed that tracker mortgage rates will increase for all tracker mortgage customers by 0.5%.
Bank of Ireland immediately raises interest rates by 0.25% for new fixed rate mortgages
Bank of Ireland says the move is ‘in light of recent interest rate increases by the European Central Bank’.
Tracker mortgage repayments to increase as European Central Bank hikes interest rates by 0.75%
The ECB announced the hike in a statement this afternoon.
The hike will see monthly tracker mortgage repayments increase.
The ECB has also warned that it expects to raise interest rates further to tame inflation.
Analysis: We can expect to see interest rates continue to march higher this week
Analysis: ECB rates are on the rise, what does this mean for mortgage holders?
Financial expert David Quinn looks at the latest rate hike and the options available to homeowners.
Soaring energy prices lead to record Eurozone inflation as Gazprom suspends gas to Germany
The European Central Bank is expected to raise interest rates at its next meeting on 8 September.
Tracker mortgage rates to rise after ECB hike interest rates by 0.5%
The bank is trying to respond to soaring inflation but those on tracker and variable rates will likely face an increase.
ECB ups key interest rates as it warns 'inflation to remain undesirably elevated for some time'
The July rate hike will be the first in 11 years.
Eurozone inflation hits record high of 7.5% as growth slows amid Ukraine war
The figure is the highest recorded by the European statistics office since the publication of this indicator began in January 1997.
Ukraine crisis and inflation risks loom over ECB meeting later this week
Prices have continued to spiral since the last ECB meeting in March.
Traditional remedies might not work. So how will we cure the surging cost of living?
A report by
Ian Curran
Almost everything is more expensive than it was a year ago, from energy to fuel to bathroom fittings and Big Macs.
Almost everything is more expensive than it was a year ago, from energy to fuel to bathroom fittings and Big Macs.
Usually, governments might cut public spending and central bankers could hike interest rates in response.
But economists say the logic of traditional remedies is 'debatable' in the unprecedented context of the pandemic.
'Suite of measures' to address the rising cost of living expected 'in the next couple of weeks'
No let up in cost of living surge in January as Eurozone inflation hits a record high
Explainer: Why is everything more expensive?
In Ireland and across Europe, prices have risen sharply over the past year as economies have reopened.
No let up in cost of living surge in January as Eurozone inflation hits a record high
CSO examining how to show 'disproportionate' impact of soaring inflation on poorer families
No let up in cost of living surge in January as Eurozone inflation hits a record high
Amid heightened anxiety over inflation, the European Central Bank’s Governing Council will meet tomorrow.
Revolut takes 'first steps' toward offering loans and bank accounts to Irish users
The digital challenger bank is increasing its offering to Irish customers as Ulster Bank and KBC Bank move to exit the market.
All time
Irish consumer prices rise 5.3% during biggest annual increase in 20 years
Soaring petrol, diesel and energy prices continue to drive inflation, the CSO said.
Cost of living concerns mount as October sees largest annual jump in consumer prices since 2007
Electricity and fuel costs are the main drivers of inflation currently, the Central Statistics Office said.
'Supply chain bottlenecks and rising energy prices' are main threat to recovery, warns Lagarde
Despite rising prices, the European Central Bank also decided to keep its pandemic stimulus efforts unchanged.
Morning Memo: Europe's looming 'energy crisis'
European gas prices have tripled this year even before the arrival winter.
Faced with rising borrowing costs for EU governments, the ECB says it will increase the pace of stimulus
European GDP is set to shrink further in the first quarter of the year, says ECB President Christine Lagarde.
Ulster says go: Bank's decision to exit was in the wind — but why is it happening now?
Ulster Bank’s long goodbye creates major headaches for policymakers.
More stimulus for Europe as ECB adds €500 billion to €1.35 trillion package, extending it into 2022
It comes against the backdrop of gloomy economic forecasts.
Hopes for a swift economic recovery in 2021 have faded, says ECB
A resurgence of the virus has weakened euro area growth forecasts.
The Fed, the Senate and stimulus: How might the election shape American responses to the economic crisis?
The results of this week’s election may further complicate the American response to the economic crisis.
Eurozone: Stormy weather ahead despite a better-than-expected third quarter rally in GDP
New data shows a slight worsening of jobless figures while prices continue to tumble.
European Central Bank nods towards more stimulus in December as virus surges across Europe
In the meantime, the governing council decided to keep its monetary policy unchanged.