Welcome news from National Irish Bank

The Margin watched with some interest this week as National Irish Bank got in ahead of the possie to announce a cut in interest rates. The bank has always strived to be first out of the traps to pass on lower rates and it moved with tremendous haste this time around to associate itself with such good news. It was clearly a smart move for an institution which is working hard to leave its recent difficulties behind, and - finally - to attract some good publicity.