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Thursday 28 September 2023 Dublin: 12°C

# Interest Rate

This year
2023
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.
Ulster Bank increases fixed mortgage rates for second time in four months
The new rates are effective from today and will only apply to certain existing customers.
AIB due to raise mortgage rates following European Central Bank hike
The bank said that it intended to raise interest rates further in March.
Last year
2022
Ulster Bank increases fixed mortgage rates for some customers by 0.75%
The rate increase applies to two, four and seven year fixed rate mortgages, as well as four year fixed Green mortgages.
All time
Central Bank proposes tough new measures to protect consumers from moneylenders
St Vincent de Paul said action was needed to protect consumers from “predatory and exploitative” forms of credit.
Three former bankers charged in connection with UK lending rate fixing
It brings the total of people charged in relation to the scandal to six.
Steady as she goes: ECB holds interest rate at record low of 0.25 per cent
Good news for those on tracker mortgages today as records remain at a record low.
All-time low: ECB cuts its main interest in boost to tracker mortgage holders
ECB president Mario Draghi has cut the rate for the fifth time in two years.
ECB cuts interest rate to record low
Key eurozone interest rate cut by 0.25 per cent.
Falling German inflation could mean ECB cut for mortgage holders
New data shows German inflation at its lowest for 18 months – meaning less pressure on the ECB to keep rates up.
Good news for mortgage customers: PTSB to cut interest rate
The bank announced this afternoon it is cutting its interest rate to move closer in line with competitors.
ECB interest rates remain unchanged
ECB head Mario Draghi said that there are “tenatative” signs of stabilisation in the eurozone.
Taoiseach urges banks to pass on interest rate cut
The ECB has announced a cut in interest rates – but AIB, Ulster Bank and National Irish Bank have all said they won’t pass on the cut to mortgage customers.
ECB interest rate cut may be announced on Thursday
Homeowners could benefit from a cut by the European Central Bank in interest rates, which is expected to be up to 0.5 per cent.
Gilmore urges other banks to follow AIB with rate cut
The Tánaiste has called on Bank of Ireland and Ulster Bank to also pass on the ECB rate reduction to mortgage customers.
AIB announces interest cut to variable rate mortgages
In a turnaround from yesterday, the bank has decided to implement a cut of 0.25 per cent on variable rate mortgages.
AIB will not pass ECB interest rate cut to customers
The bank says it hasn’t passed on the ECB’s past two rate increases to customers and, similarly, would not be passing on the recent cut.
Two banks will pass on ECB interest rate cut to mortgage holders
But aside from Permanent TSB and KBC Bank Ireland, what are the other banks doing?
European Commission reduces margin on Irish bailout to zero
The EC says it’s lowering the interest on its part of Ireland’s bailout loans in line with that of the Eurozone’s portion.
Trichet: Ireland is gaining credibility and increasing creditworthiness
The ECB president has some kind words, as the main ECB interest rate remains unchanged – and could even be lowered soon.
Mortgage relief as ECB expected to avoid hiking interest rates
European Central Bank officials will meet in Frankfurt today to make a decision that will affect Irish homeowners.
New bailout deal will reduce debt quicker than expected - ESRI
Ireland could return to normal lending markets by 2014 according to the economic think tank.
Relief for mortgage holders? Analysts reckon ECB will cut interest rates
The ECB had been expected to continue raising interest rates this year, but may now cut them to revive the economy.
ECB maintains 1.5 per cent rate amid Eurozone concerns
Spanish and Italian bond yields have eased slightly today on the 14-years highs they struck earlier.
ECB to meet amid one prediction that Italy will default
But Silvio Berlusconi insists the banks are solid and that his austerity plan will work.
Noonan warns bailout rate change won’t ease budget cuts
The next budget will contain further cuts of around €4bn, despite the country saving millions on its bailout loan payments.
Poll: Are you happy with the new Eurozone deal?
Ireland is set to save between €600-€800m on its loans – does this go far enough?
Ireland 12.5, France 0: Corporate tax spat over as country to save hundreds of millions
A lower interest rate means savings of between €600 million and €800 million on Ireland’s loans. And corporate tax? C’est fini. But what’s the future for Europe?
Irish bailout rate 'cut to under 4 per cent' by draft agreement - report
RTÉ says a draft agreement being considered in Brussels would slash our interest rate and extend our repayments.
Nearly half of all households paying bills late each month
Disposable income index shows that half of Irish people don’t feel able to save regularly – and increasing numbers of working adults are left without spare cash after essentials paid for.
Poll: Who do you believe… Moody’s or Michael Noonan?
The credit rating agency says Ireland will probably need a second bailout, while the Department of Finance says the economic plan is on track. Who to believe?…
European Parliament president backs cut in bailout interest rate
Jerzy Buzek is in Ireland for a two-day visit, and will address the Seanad and an Oireachtas Committee on Ireland’s role.
Hopes of interest rate cut aided by statement from EU finance leaders
But when this and other debt burden reduction measures will take place is far from clear.
Mortgage holders braced for ECB interest rate hike
A hike of 0.25 per cent is expected – bad news for those with tracker and standard variable rate mortgages.
Tánaiste expects a bailout interest rate cut this year
Eamon Gilmore tells TheJournal.ie that we’re closer to a reduction than ever before and says he expects it will happen this year.
Kenny meets Sarkozy as tax issue shifts focus
Reluctance to cut Ireland’s bailout interest rate appears to now hinge on a different tax issue than our low corporate tax rate…
The Daily Fix: Thursday
In this evening’s wrap-up: All eyes on Brussels, a new plant at Sellafield, some classic tourist no-nos, and Dublin Zoo’s latest arrival…