Interest Rates

Irish property tech firm Geowox has published its quarterly Irish housing market report which focuses on actual sales

Slowdown likely to cement view that ECB will not be raising interest rates any further in the current cycle

Myhome.ie survey shows borrowing costs and supply concerns dragging on property market

AIB, Bank of Ireland and PTSB have so far absorbed most of the ECB rate hikes but with deposit rates now rising, this could change in coming months

Successive increases over past 10 meetings seen as finally starting to have an impact on inflation

Spreads on euro-denominated junk bonds rise to widest levels since 2016

Squeezed renters and younger first-time buyers, already under financial pressure, are likely to feel a bit miffed about this budget measure

Mortgage holders who have been paying high interest rates for years are annoyed about plans for morgage interest relief for a minority on trackers

Budget 2024 decision to limit relief to tracker and variable rate holders described as bizarre

Average Irish rate on new mortgages remains higher than euro area average

Sinn Féin says Coalition produced ‘budget for landlords’ while teaching bodies say it will not address recruitment and retention challenges

Announcing an expansionary budget when economy is at full employment and inflation is high appears to be politically motivated

Analysis: Budget 2024 announced another round of once-off measures, but there are questions now about whether some are becoming semi-permanent

Budget 2024: Number of measures including mortgage interest rate relief and increase in vacant property tax rate announced

Tech sector slowdown and remote working will push Dublin’s office vacancy rate to about 15.5% later this year

Market odds of another increase by year-end drop to 30% as bond yields surge

Dwellr is seeking to offer a lease-to-own product to help people secure homeownership

The bond markets are betting that they are, but we will have to wait and see

Euro zone inflation has fallen sharply, indicating tough medicine may be working, though rate cuts may still be some way off

Business Today: the best news, analysis and comment from The Irish Times business desk

According to five economic institutes, Europe’s largest economy will shrink by 0.6 per cent this year

We’ve had dozens of policies and strategies all feeding into a steadily worsening problem characterised by a widening affordability gap

Lender was set up in 2012 by former head of Permanent TSB Finance Chris Hanlon

Those on variable rate mortgages not affected

Central Bank governor councils against hiking levy substantially even as bank profits surge

Irish banks have so far lagged behind peers across the wider euro zone in passing on official rate hikes to households

Irish price inflation slows to 1.5% as mortgage costs take the heat out of property market

Latvian central banker says wage growth hasn’t peaked

Uncertainty over how quickly price pressures will subside despite hopes euro zone has seen last tightening

Tenth consecutive interst rate rise by ECB since last summer to add about €25 to payments immediately on typical tracker mortgage

All efforts must now be made to stop people falling into longer-term arrears on their repayments

Interest rates: latest 0.25% rise will wipe out energy price reductions for tracker mortgage holders, but cumulative effect is crippling

Cliff Taylor: However, the European Central Bank has left itself wriggle room in case it needs to raise them once more

Institute increases rate to 4.5% in bid to curb inflation across euro zone

European Central Bank to announce latest interest rates decision today

Central Bank figures show the weighted average interest rate charged on new home loans in July was 4.06%

Irish banks much less exposed to riskier property developments, says Central Bank

Uncertainty around bloc’s biggest economy adds to worries

CSO figures show households saved a total of €6.7bn between April and June

Seeking professional advice about interest rates before switching your home loan could save you money in the long run