THE GOVERNING COUNCIL of the European Central Bank has left the bank’s main interest rate unchanged at 0.75 per cent. There had been some speculation in recent days that the ongoing uncertainty about the future of the eurozone could have prompted a cut to the rate. ECB president Mario Draghi will give a press conference later at which he may discuss the possibility of a new bond-buying programme.
Interest Rates
# interest-rates - Saturday 4 May, 2013
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.
# interest-rates - Thursday 2 May, 2013
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.
# interest-rates - Tuesday 30 April, 2013
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.
# interest-rates - Monday 29 April, 2013
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.
# interest-rates - Thursday 4 April, 2013
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.
The 9 at 9: Thursday
Good morning! Here’s what you should know as you kick off your Thursday. (It’s a four-day week, hang in there.)
# interest-rates - Sunday 3 February, 2013
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.
# interest-rates - Wednesday 19 December, 2012
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.
# interest-rates - Saturday 13 October, 2012
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.
# interest-rates - Thursday 4 October, 2012
ECB leaves main interest rate unchanged at 0.75 per cent
The benchmark interest rate has been left untouched by the European Central Bank.
# interest-rates - Thursday 6 September, 2012
# interest-rates - Thursday 2 August, 2012
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.
# interest-rates - Monday 23 July, 2012
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.
# interest-rates - Wednesday 18 July, 2012
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.
# interest-rates - Friday 6 July, 2012
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.
# interest-rates - Thursday 5 July, 2012
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?
# interest-rates - Monday 2 July, 2012
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.
# interest-rates - Saturday 30 June, 2012
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?
# interest-rates - Wednesday 27 June, 2012
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.
# interest-rates - Wednesday 6 June, 2012
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.
# interest-rates - Friday 1 June, 2012
The 5 at 5: Friday
5 minutes, 5 stories, 5 o’clock…
# interest-rates - Thursday 3 May, 2012
THE EUROPEAN CENTRAL BANK has left its key interest rate unchanged at 1 per cent for the fifth month in succession, at its monthly board meeting held in Barcelona. ECB president Mario Draghi said the governors had not discussed the possibility of lowering the rate. Draghi was not asked about any progress on discussions regarding Ireland’s promissory note burden during his press conference.
# interest-rates - Wednesday 11 April, 2012
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.
# interest-rates - Wednesday 4 April, 2012
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.
# interest-rates - Thursday 8 March, 2012
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.
# interest-rates - Thursday 5 January, 2012
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.
# interest-rates - Thursday 8 December, 2011
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.
The 9 at 9: Thursday
Nine things you should know this morning…
# interest-rates - Thursday 10 November, 2011
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.
# interest-rates - Tuesday 8 November, 2011
# interest-rates - Friday 4 November, 2011
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?
# interest-rates - Thursday 3 November, 2011
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.
# interest-rates - Monday 10 October, 2011
# interest-rates - Thursday 6 October, 2011
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.
# interest-rates - Thursday 8 September, 2011
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.



















































