National debt

Interest rates on government debt to remain low despite ECB hikes

NTMA says interest rates on state borrowing will remain close to record low of 1.5% for the rest of the year

Frank O’Connor, chief executive of the NTMA pictured above with the Minister for Finance Paschal Donohoe, said investor demand for Irish government debt was ‘robust’. Picture: Leah Farrell/

Interest rates on Irish government debt will remain close to record lows this year despite the recent rate increases by the European Central Bank.

Announcing its full year results this morning, the National Treasury Management Association (NTMA) said the interest rate on government borrowings will remain close to record lows of 1.5 per cent for the rest of this year, meaning the state will pay around €3.3 billion in interest payments this year.

The NTMA ...