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Friday 8 December 2023 Dublin: 10°C

# Interest Rates

Last year
2022
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
Expected interest rate hike may help 'contain' house prices, says Varadkar
The ECB’s 25-member governing council is likely to lift its key interest rates by 75 points for the second consecutive time.
Analysis: We can expect to see interest rates continue to march higher this week
Economist Victor Duggan looks ahead to the expected ECB rate hike tomorrow.
AIB announces 0.5% increase on new fixed mortgage rates
It follows a decision by the European Central Bank to raise its interest rates.
Mortgage customers 'frustrated' over wait times to switch lenders amid interest rate hikes
There has been a significant increase in applications over the last 12 months, brokers have said.
One customer started his application in July and still has not received a loan offer from the lender he wants to switch his mortgage to, Michelle Hennessy reports.
Brokers have said the exit of Ulster Bank and KBC from the market has left other lenders struggling to keep up with rising demand.
Bank of England will change rates ‘as much as needed’ to control inflation
The pound crashed on Friday and Monday after the British Chancellor’s mini-budget.
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.
Tracker mortgages set for increase as ECB hikes interest rates by record 0.75 percentage points
The ECB is already playing catch-up with US and British central banks that started raising rates faster in response to inflation.
US recession not 'inevitable,' Treasury secretary says
Soaring inflation and supply-chain issues have increased pessimism.
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
All time
Opinion: Fix the mortgage rate problem in Ireland by considering public ownership of banks
Cillian Doyle says there are positive international examples of how large banks taken into public ownership can work better for customer, environment and economy.
'We've heard of moneylenders meeting customers at the post office as they collect their social welfare'
Dr Olive McCarthy and Dr Noreen Byrne of UCC say while new Central Bank rules for moneylenders are welcome, they don’t go far enough.
Opinion: It is time to ban moneylenders charging interest of up to 287%
330,000 Irish people are customers of moneylenders, many of them risk getting caught up in a vicious cycle of debt, writes Brendan Whelan.
Banks in Ireland decline to give progress updates on their tracker scandal reviews
Lenders in Ireland have until September to identify all customers who were affected by interest rate overcharging – we asked how they’re getting on.
This man is taking the euro deeper and deeper into the unknown
The ECB cut a key interest rate to a new record low for the region today.
The poor euro is getting pummelled again
Things were looking OK there for a while.
The courts have backed the banks on high mortgage rates
Lenders have been accused of “changing the goal posts against the consumer” on variable mortgages.
Will this man finally get tough with banks if they don't drop mortgage rates?
The Finance Minister has been meeting with lenders.
Australia's economy is in for a rocky ride
The country’s central bank cut interest rates to a record low today.
Our banks are making homeowners 'pay way over the odds'
Interest rates in Ireland are way out of step with the rest of Europe.
How much lower can the euro go?
The currency is headed towards equal footing with the US dollar.
The ECB is going to let you in on why they're slashing interest rates
Those on tracker loans will hear the decision-making process of the ECB’s record-low interest rates.
Euro goes down, exporters cheer (some of them)
It’s not such good news if your business does most of its trade in Europe.
What do ECB interest cuts mean for Irish pockets? Plenty for trackers
But you should take advantage while you can, OK?
The ECB's "extreme" anti-deflation measures could now be worth €1 trillion
A raft of measures announced today are “the last throw of the dice”, experts said.
British unemployment rate at four-year low
Lucky them.
360,000 people using moneylenders - Central Bank report
A report from the Central Bank has found that there has been no significant change in the moneylending sector since 2007.
ECB holds rates steady but remains 'cautious' about recovery
Yesterday, Mario Draghi said the ECB is alert to geopolitical risks that may come out of the Syrian situation and said that the caution expressed about recovery was warranted.
NTMA sells T-Bills as Troika completes penultimate review
The €500 million sale of three-month Treasury Bills achieved an interest rate of 0.2%, the same as last month.
ECB breaks tradition and pledges continued low interest rates
Mario Draghi says ‘market volatility’ is the reason for commitment as Bank of England makes similar assurance.
Continued relief for mortgage holders: ECB keeps rates at record low
Mario Draghi says the eurozone economy should stabilise over the rest of the year, but low rates are still needed for now.
NTMA launches State Savings products
The National Treasury Management Agency has announced new issues of fixed rate State Savings products as well as changes to the interest rates on variable rate products.
Noonan: Mortgage interest rates must increase to ensure profit for taxpayers
The banks would lose more if they lowered their mortgage interest rates below the current amounts, the minister says.
Column: Here's how to protect your bank deposits in this unsettled economy
Many sensible individuals are now rightly worried about the security of their savings and investments, writes David Quinn who says diversification is key.
Snake oil, champagne-licking Troika: The week's news skewed
Breaking via The Mire wire: Peter Mathews takes himself hostage and the Womb Repossession Bill takes centre stage.
Relief for tracker mortgage holders as ECB cuts main interest rates
Falling inflation around the eurozone – particularly in Germany – means big decisions from Draghi and co.
Central Bank governor Honohan to face TDs and senators
Patrick Honohan will discuss economic and monetary union with TDs and senators on the Oireachtas EU Affairs Committee this afternoon.
Permanent TSB to overhaul mortgage interest rates for new customers
From this week, interest rates will vary for new customers depending on the amount they borrow and the value of the house.
ECB chief Draghi admits initial Cyprus bailout plan was 'not smart'
The head of the European Central Bank was speaking as the eurozone’s central bank left interest rates unchanged at 0.75 per cent today.