Thursday October 29, 2020

Lenders eye ECB as PTSB raises its rates on solo run

ECB's warning over future rates means it could yet take policy action

4th May, 2014
Mario Draghi, ECB president. Picture: Bloomberg

Permanent TSB's announcement last week that its mortgage interest rates are set to increase from early next month came as a blow to its customers, and raised concerns that other banks were also poised to increase rates.

Permanent TSB announced that its standard variable rate for mortgage customers will rise from 4.34 per cent to 4.5 per cent from June 9.

Ciaran Phelan, chief executive of the Irish Brokers Association, said the bank knew that many of its...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

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

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 10 months ago

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

Leanna Byrne | 5 years ago