ECB rate move hands Coalition perfect election springboard
Frankfurt’s decision to cut rates comes on the eve of what is expected to be another expansionary budget in advance of general election
Interest Rates
ECB rate cut: What does it mean for Irish mortgage holders and how much will they save?
Borrowers on variable rates and those coming off fixed rates or looking for a new mortgage may have to wait for any benefit
What does the expected ECB interest rate cut mean for Irish mortgage holders?
The European Central Bank is likely to cut rates by 0.25 percentage points on Thursday
Savers stuck with low interest rates for seventh consecutive month
Average interest rate offered on overnight deposit accounts a mere 0.13% in July, Central Bank figures show
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’
YOU MAY ALSO LIKE...
Crosswords & Puzzles
Crosswords & puzzles to keep you challenged and entertained
Common Ground
How does a post-Brexit world shape the identity and relationship of these islands
Stardust
Inquests into the nightclub fire that led to the deaths of 48 people
Family NoticesOpens in new window
Weddings, Births, Deaths and other family notices