Irish lenders keen to pass on interest rate hikes

Irish lenders are among the quickest to pass on interest rate increases, according to a report published last week.

18th August, 2007

Irish lenders are among the quickest to pass on interest rate increases, according to a report published last week.

The report, by the European Mortgage Federation, which represents EU lenders, compared the typical interest rate charged by lenders in January 2005 to that charged in January 2007.

The typical interest rate charged for January 2007 in Ireland was about 38 per cent higher than that charged two years ago.

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