Interest Rates

ECB rate cut: what’s in it for me?

Q&A: Latest fall in interest rates will save tracker mortgage customers €33 a month per €100,000 balance on their loan, but other borrowers may have to wait to benefit

Easing of wage growth metric makes ECB rate cut more likely

There is increasing confidence that inflation can be brought back to the 2% target next year

ECB minutes highlight openness to September interest rate cut

Notes indicate upcoming meeting was widely considered a ‘good time’ to re-evaluate monetary policy restrictions

ECB rate cut hopes boosted by slowing in euro-zone negotiated wage growth

Growth in negotiated wages slowed to 3.55% from the previous 4.74% mark

Gold hits record highs as investors bet on rate cuts

US and European buyers position for lower borrowing costs after sitting out much of precious metal’s rally

Loans issued for home purchase fall 6% over past year as borrowers await ECB rate cuts

Average interest rate charged on new fixed-term mortgages falls after ECB cut in June

Irish house price inflation edges closer to 9% with average prices well ahead of 2007 boom

Property prices in Dublin rose at an even higher rate than the national average, up 9.3% in June from a revised 8.8% in May

Annoyed by banks’ bumper profits? It’s on you if you’re still giving them money for nothing

Banks are getting 3.75% on your savings with the Central Bank and paying you an average of 0.13% in a demand deposit account

Bank of England cuts rates for first time since 2020

Headline rate cut by a quarter of a percentage point to 5% but governor dampens expectation for rapid series of cuts

Federal Reserve expected to keep interest rates steady but to tee up September cut

US central bank set to acknowledge that easing inflation and softening jobs market justify policy pivot

ECB minutes reveal doubts over rate cut

Reservations among council members will fuel expectations that ECB will leave rates on hold later this month

Central banks a proven weapon in fight against rising prices

Monetary policy alone cannot deliver growth and prosperity. Any brighter economic future needs input from policymakers and governments

Pay off your credit card, invest in your pension - here’s what you can do with your monthly mortage savings

Paying off credit card debt, topping up your pension or saving for a rainy day are among the options for mortgage holders who find they now more money in their pockets following the recent ECB rate cut

Home prices still climbing as housing shortage continues

Sherry FitzGerald data shows prices rose 5.5 per cent over past 12 months

Asking prices for Irish homes climb 6.7% in second quarter amid supply shortfall

Daft.ie says average listed price nationwide just under €340,000

Switching rate increases for mortgage borrowers at non-lending service firms

Central Bank-published study finds rate at which lower-risk borrowers are leaving non-lending service firms has been higher than the switching rate away from retail banks in recent months

Irish mortgage rates fall marginally in April

Interest rates attached to home loans are expected to fall over the coming months as ECB reduces headline rates

ECB’s Philip Lane signals need for caution on further rate cuts

‘Good degree of confidence’ that inflation is on the way back to 2 per cent

ECB rate cut emboldens nonbank mortgage lenders to return from the cold

Nonbank lenders are targeting niche markets as banks still hold whip hand on the most competitive interest rates

ECB rate cut: What it means for you and what might come next

Interest rates are now falling from what were record levels for the ECB but how far and how fast will depend on wider EU economy

ECB cuts interest rates by 0.25 percentage points after two years of hikes

European Central Bank makes first move lower interest rates after hiking them 10 times since 2022

ECB rate cut to breathe fresh life into euro-zone economy

Scale of boost for consumers, housing and investment will depend on how low borrowing costs can go

ECB rate cut next week will not be ‘victory declaration’ on inflation, Lane says

ECB chief economist Philip Lane brushes off fears that loosening euro-zone monetary policy before US Fed could backfire

Mortgage arrears in danger of spiking even as ECB starts to cut its rates

Thousands of homeowners are seeing low fixed rates expire, and mortgage arrears could begin to spike

Mortgage rates hit highest level since August 2017

Interest rates may be close to their peak ahead of an expected ECB cut next month

Sweden cuts interest rates by a quarter point

Similar moves by the Swiss, Czech and Hungarian central banks demonstrate a willingness in Europe to diverge from US monetary policy

‘Very few people believe that the next year will be a good time to buy a home’

MyHome.ie survey shows people have already delayed homes because of cost of living crisis and fear further price rises

The outlook for interest rate cuts is changing - so should Irish borrowers be worried?

On Wednesday, the Federal Reserve signalled US interest rates were staying higher for longer, and the mood in Europe has shifted too, with implications for Irish mortgage holders

Federal Reserve signals interest rates will remain higher for longer

US central bank says there has been a ‘lack of further progress’ towards 2 per cent inflation goal

Consumer sentiment falls amid job losses and higher prices

Latest Credit Union consumer sentiment index fell to 67.8 in April, down from 69.5 the previous month

Euro-zone business activity rises to 11-month high

Data expected to reassure ECB officials that euro zone still on track for ‘soft landing’

Investors factoring in growing chance of another Fed interest rate rise

While base case remains reduction in borrowing costs, options market shows a 20% probability of increase

Interest rates may be coming down. That’s not entirely good news in a frothy property market

Falling interest rates will, of course, help prospective buyers too. But they are buying into a market that’s only getting hotter

ECB should not be afraid to ‘diverge’ from Fed on interest rates

Governing Council member Yannis Stournaras says four cuts are possible this year

From laggard to first mover: ECB could be first big central bank to cut rates

While Frankfurt, as predicted, kept rates unchanged on Thursday, policymakers signalled the possibility of a rate cut at their next meeting in June

ECB maintains rates at record high but with clear signal of pending cuts

The ECB currently expects that euro zone inflation, which was running at 2.4 per cent last month, will reach its target by the middle of next year

ECB expected to hold fire while signalling June rate cut

Markets expect Frankfurt to implement a sequence of rate cuts in the second half of 2024 but wage growth remains the chief worry

Cost-of-living crisis hits Ireland’s ranking as place for private businesses to thrive

The State was ranked ninth among 33 major economies in Europe, the Middle East and Africa in PwC report

Where next for Irish mortgage rates, and when?

The ECB is expected to start cutting interest rates but consumers should not presume that they will automatically benefit

Inflation has softened but prices are still growing

Fall-off in inflation is welcome but pressure from higher energy and food prices remains

Irish households owed more than €96bn by end of 2023

As the ECB has hiked interest rates, homeowners have moved away from tracker loans to more predictable fixed rates

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