Interest Rates | Business Post

Irish homeowners to keep paying high interest rates even if repossessions rise

It was thought by some that allowing home to be repossessed more easily would bring interest rates down, but Finance’s Retail Banking Review states that the move would make little difference to the cost of loans

Permanent TSB becomes the last bank to hike interest rates

Bank of Ireland and AIB have already moved in response to European rate increases

The risk of recession: is Ireland headed for a new downturn?

All barometers point to a coming recession in Europe, with a number of key indicators ‘flashing red’. Ireland, however, is heading into this period of uncertainty on a stronger economic footing than it was in 2008

Bank of Ireland increases rates on fixed mortgages by 0.25%

The lender is the second of the three main banks to increase its mortgage prices

Increase in Bank of Ireland interest income on back of rising rates

Gavin Kelly, the interim chief executive at Bank of Ireland, said the lender had delivered a “strong business performance” in the third quarter

Ibec expects interest rates to double again

The central European rate has already increased at a record pace since July

AIB - High interest rates are a return to normal

Tracker mortgage customers face higher costs following the latest European Central Bank increase

Bank of Ireland confirms tracker mortage hike after ECB interest rates rise

The European Central Bank this afternoon had doubled its key interest rate to the highest level in more than a decade

Central Bank governor: More interest rate hikes are on the way

The move, designed to fight inflation, will further push up the cost of mortgages

AIB becomes first major bank to pass on mortgage rate hikes

Fixed rates will rise by 0.5 per cent for new customers.

Slide deepens in one of the world’s hottest property markets during the pandemic

The annual decline in the cost of homes in Sweden is now the fastest since August 2018

European inflation looks set to stay

The risk of recession looms over the continent as prices spike

New mortgage rates nearly double at one of Ireland’s biggest lenders

Finance Ireland’s price increase is in response to the European Central Bank hiking rates

British house prices could drop 40 per cent, analyst warns

Neal Hudson says outlook is ‘terrifying’ after last week’s mini-budget, with market accelerating towards a severe housing crash

Irish homeowners warned higher mortgage rates on the way

The European Central Bank is raising rates in an effort to fight inflation

John Walsh: Our withdrawal from cheap money is going to hurt

With a gross national debt of €239 billion to pay, rising interest rates are going to hit Ireland hard. Private equity funds and tech firms will also face a number of challenges

The Big Picture

Vincent Boland: Plunging market tells us the Fed is no longer the investor’s friend

Last Tuesday was the day it became clear that the Goldilocks era, when central banks kept materialising to soothe every market tantrum, is now over

Dan O’Brien: Central bankers are at risk of becoming the target of popular ire

While higher short-term unemployment may be the least damaging outcome available, hearing well-paid technocrats advocate for it is unlikely to bolster support for current interest rate-setting arrangements

UK heading for recession as inflation to rise over 13%, Bank of England warns

An increase in interest rates to 1.75% announced today came as officials predicted a UK recession will begin in the fourth quarter, and last all the way through next year

Peter O’Dwyer: PTSB and AIB stake their claims in the redrawn landscape of Irish banking

With Ulster Bank and KBC exiting Ireland, Permanent TSB still has a long way to go to close the gap on AIB, and Bank of Ireland, as it looks to grow into a third pillar bank