AIB - High interest rates are a return to normal

Tracker mortgage customers face higher costs following the latest European Central Bank increase

The bank today reported a trading update. Picture:

A senior AIB executive has said high interest rates is a return to a “more normal environment” following the latest major increase.

However, AIB chief financial officer Donal Galvin did not give any guidance on if the bank may further change loan prices following the latest rate hike from the European Central Bank (ECB).

The regulator yesterday announced a 0.75 per cent increase in its central rate, which influences the price of loans. The ECB ...