Sunday September 27, 2020

Taoiseach “very disappointed” with B of I and Ulster Bank

Taoiseach Enda Kenny is “very disappointed” Bank of Ireland and Ulster Bank did not pass on the European Central Bank’s 0.25 point interest rate cut, he told the Dáil.

15th November, 2011
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Taoiseach Enda Kenny is “very disappointed” Bank of Ireland and Ulster Bank did not pass on the European Central Bank’s 0.25 point interest rate cut, he told the Dáil.

The ECB cut its interest rate to 1.25 per cent from 1.5 per cent this month, sparking a stand-off between the Government and a number of the banks. Last week, AIB agreed to pass on the cut in interest rates to...

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