Search Results for 'Interest rates'

Responding to the most recent Central Bank Retail Interest Rates publication for December showing Ireland with a weighted average interest rate on new mortgages of 4.19%, just 0.13% higher than the euro area average, and six basis points down on the previous month, Brokers Ireland said it is to be hoped that by mid-year the situation will have improved with some movement downwards by the ECB.

Commenting on the ECB decision to keep its interest rates unchanged, Brokers Ireland said it will come as a relief to worried mortgage holders who have been in trepidation fearing further increases.

Town Mayor, Cllr. Frankie Keena, has called for the abolition of commercial rates for all local businesses during the COVID-19 lockdown period.