Bank of Ireland pre-empts ECB interest hike, raises mortgage rates again

Lender raised mortgage interest rates by 0.25 per cent for new and existing customers

The bank has also raised rates on deposit accounts. Picture: Noel Bennett

Bank of Ireland has increased fixed mortgage rates by 0.25 per cent with immediate effect, pre-empting further rate hikes from the European Central Bank likely to come tomorrow.

It comes as the bank says it will raise rates on deposit accounts.

The hike will affect customers coming to an end of their fixed rate and are seeking to re-fix their mortgage, as well as tracker rate customers who wish to lock in to a fixed ...