rate

The ECB raises the interest rate by 0.5 percentage points

The ECB raises the interest rate by 0.5 percentage points

The European Central Bank (ECB) has raised interest rates across the euro area by half a percentage point following a meeting in Frankfurt. This is the first time the bank has raised interest rates since 2011. The increase means that Irish borrowers with mortgage tracking, who have had record low repayments over the past decade, …

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Permanent TSB can absorb initial ECB interest rate hikes - CEO

Permanent TSB can absorb initial ECB interest rate hikes – CEO

Permanent TSB can choose to absorb the first two rounds of the European Central Bank’s interest rate hikes and not raise its own mortgage pricing in an attempt to increase its market share, the bank’s CEO said today. The ECB outlined plans this month to end quantitative easing on 1 July and then raise interest …

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