Banks to cut deposit rates
Savers look set to be hit with further interest rate cuts this year as banks rebuild their margins, according to confidential government briefing documents.
Savers look set to be hit with further interest rate cuts this year as banks rebuild their margins, according to confidential government briefing documents.
Documents obtained by *The Sunday Business Post* under Freedom of Information legislation revealed that deposit rates could fall further in the coming months as banks re-price deposits to improve their net interest margins (NIM).
The Department of Finance briefing documents, which were prepared for the department's secretary general, John Moran, before...
Subscribe from just €1 for the first month!
Exclusive offers:
All Digital Access + eReader
Trial
€1
Unlimited Access for 1 Month, €19.99 Monthly thereafter
*New subscribers only
Annual
€200
€149 For the 1st Year
Unlimited Access for 1 Year
Quarterly
€55
€42
90 Day Pass
2 Yearly
€315
€248
Unlimited Access for 2 Years
Team Pass
Get a Business Account for you and your team
Related Stories
The year in review
The best writing and and the biggest stories of 2019 from the Business Post
Newsround: What Thursday’s papers say
Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals
More cycle routes, expansion of Luas to Bray and new bus network proposed
Greater Dublin Area draft Transport Strategy published
