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Friday 8 December 2023 Dublin: 9°C

# Interest Rates

All time
Here is how much was won on Prize Bonds last year
The amount has increased significantly over the past three years as people sought safe places to put their money.
Kenny 'doesn't like' Bank of Ireland rate hike - but can't stop it
Enda Kenny regrets Bank of Ireland’s decision on credit card rates, but says the issue is one for the Financial Regulator.
Bank of Ireland increases credit card interest by up to 4 per cent
The rate increases, which had been advertised in October, kicked in yesterday – only a week before Christmas.
Irish borrowers pay higher interest on short-term loans than Eurozone counterparts
Central Bank figures also show the average interest rate on an outstanding mortgage has fallen 0.22 per cent since January.
ECB leaves main interest rate unchanged at 0.75 per cent
The benchmark interest rate has been left untouched by the European Central Bank.
ECB leaves interest rates unchanged at 0.75 per cent
Draghi: ‘The euro is irreversible – but it’s up to politicians to act’
The ECB president says his bank wants to save the euro, but it can’t exceed the boundaries of what it’s allowed to do.
Column: HSBC funnelled money for drug kingpins? This isn't surprising.
We’re not surprised any more by unscrupulous behaviour by banks – but HSBC’s actions are as bad as it gets, writes Nick Leeson.
Permanent TSB to announce branch closures within days
Reports on Monday suggested that Ireland will see one in every four of its bank branches shut within two years.
Permanent TSB to reduce SVR mortgage interest rates
The bank noted that its 0.35 per cent reduction is greater than the European Central Bank cut.
The Evening Fix: Thursday
Things we learned, loved and shared today.
Passing ECB cut on to customers a 'commercial decision for each bank' - Dept of Finance
Tracker mortgage customers will see their rate adjusted as per the ECB change – but what about other mortgage holders?
UK to hold banking inquiry over lending rates scandal
David Cameron announced the inquiry in parliament this morning over the major scandal involving inter-bank lending rates.
Football, flats and detached retinas: The week in numbers
How many people were murdered in Ireland last year? And how much Coke would you need to get drunk?
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.
ECB president: Fiscal Compact not ‘quid pro quo’ for deal on bank debts
But Mario Draghi says Ireland’s vote is a welcome affirmation of its priorities, and that market access could be close at hand.
ECB leaves interest rate unchanged at 1pc
New Permanent TSB chief executive promises to review mortgage rates
The lender had been criticised for keeping its variable mortgage rates higher than other state-owned mortgage lenders.
ECB to keep interest rates at 1 per cent
The European Central Bank is set to keep interest rates at the record low of 1 per cent later today.
ECB leaves main interest rate unchanged at 1 per cent
As expected, the monthly meeting of the ECB’s governing council decides not to tinker with the main interest rates.
Mortgage holders told to ensure new interest relief is applied
The Department of Finance says lenders have been told to apply mortgage interest relief with effect from January 1st.
The Daily Fix: Thursday
In tonight’s Fix: what have Sarkozy and Kenny been saying today; what does the interest rate cut mean for mortgage holders; and who has had some harsh words for Roy Keane?
AIB will not pass on ECB's 0.25pc cut to mortgage customers
AIB says its funding costs are not driven by the ECB’s own rates – and that it needs to ensure it makes money for the taxpayer.
ECB could cut interest rate cut by 0.5 per cent today
The bank is expected to announce its second rate cut in five weeks as EU leaders travel to Brussels for a eurozone crisis summit.
Government may 'take action' against banks not passing on mortgage rate cut
Bank of Ireland, Ulster Bank and AIB will not pass on the recent ECB rate cut to homeowners, it has emerged.
National Irish Bank says rate hike not related to ECB cut
The Danish-owned lender confirms a mortgage rate increase of up to 0.95 per cent – but says it’s nothing to do with the ECB’s 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?
The Daily Fix: Thursday
In tonight’s Fix: The low-down on Greece (and why it’s extra bad for Silvio), some good news for mortgage holders and the best picture of Michael Noonan you will see for a while.
Surprise! ECB cuts interest rate to 1.25 per cent
On his first day in the job, ECB president Mario Draghi surprised everyone by cutting the eurozone’s main interest rate.
US academics share Nobel economics prize for work on macroeconomic theory
Thomas Sargent and Christopher Sims both independently examined the cause-and-effect relationships in large economies.
Relief for homeowners as ECB holds interest rates
Meanwhile, the Bank of England has announced it will inject £75 billion into the UK’s sluggish economy.
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 defaults 'could cost banks up to €10bn' - FF
Michael McGrath believes the ‘worst case scenario’ that went into the stress tests is now a reality – and it’s going to get worse.
The Daily Fix: Saturday
In tonight’s Fix: The fall out from the Vatican’s response to the Cloyne report; why there could be good news for mortgage holders; and what’s happening down at the Electric Picnic?
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.
Interest rate hike for Bank of Ireland customers
The standard variable mortgage rate is going up, as are rates on personal credit cards and personal variable loans.
Dow Jones rallies after Fed statement
The Federal Reserve said today that it’s likely to keep interest rates at record lows for the next two years. It also acknowledged that the economy is weaker than it had thought.
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.