Bank watch: Who is passing on the interest rate cut?

UPDATE: The ECB has again cut its main interest rate. Last month the Irish banks were slow to pass on the cut until the Government stepped in. Which banks will pass on the most recent cut to its customers?

8th December, 2011

The European Central Bank has cut its main interest rate by a quarter percentage point from 1.25 per cent to 1 per cent. Last month there was controversy as a number of Irish banks refused to pass on a previous cut and the Government stepped in. So far, the following banks have made their intentions known with regard to the new cut:

Bank of Ireland said its standard variable rate is being reduced by 0.15 per cent...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month, €19.99 Monthly thereafter

Get basic

*New subscribers only

You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

2 Yearly



Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago