Menu
16/01/2009
Fine Gael Call For Interest Rate To Be Passed On
A Fine Gael's Enterprise spokesman has called on the Government to ensure the recent interest rate cuts are passed on to the Irish public.
TD Leo Varadaker said all banks must follow the lead set by AIB, Bank of Ireland, Halifax and Ulster Bank by passing on the rate cut in full.
The European Central Bank's (ECB) announced an interest rate cut of 0.5% today, which could bring savings of up to €82 per household on mortgage payments.
"I very much welcome the ECB's decision to cut interest rates by 0.5%. But hard-pressed homeowners must see the benefits of this move through lower mortgage repayments. It is vital that every Irish bank passes on the ECB's interest rate cut in full.
"Banks which refuse to pass on the cut will make massive amounts of money on the backs of families and businesses," he said.
Mr Vardaker added: "AIB, Bank of Ireland, Halifax and Ulster Bank have taken the lead by announcing they will pass on the interest rate cut. All other banks and lending institutions operating in Ireland must immediately follow suit."
(DW/BMcC)
TD Leo Varadaker said all banks must follow the lead set by AIB, Bank of Ireland, Halifax and Ulster Bank by passing on the rate cut in full.
The European Central Bank's (ECB) announced an interest rate cut of 0.5% today, which could bring savings of up to €82 per household on mortgage payments.
"I very much welcome the ECB's decision to cut interest rates by 0.5%. But hard-pressed homeowners must see the benefits of this move through lower mortgage repayments. It is vital that every Irish bank passes on the ECB's interest rate cut in full.
"Banks which refuse to pass on the cut will make massive amounts of money on the backs of families and businesses," he said.
Mr Vardaker added: "AIB, Bank of Ireland, Halifax and Ulster Bank have taken the lead by announcing they will pass on the interest rate cut. All other banks and lending institutions operating in Ireland must immediately follow suit."
(DW/BMcC)
Related Irish News Stories
Click here for the latest headlines.
05 March 2020
Four New Confirmed Cases Of Covid-19 In Ireland
There have been four new confirmed cases of Covid-19 in Ireland, the Health Protection Surveillance Centre has reported. The patients are all associated with travel from the same affected area in Northern Italy. There are two male and two female patients, from the western part of the country. Dr.
Four New Confirmed Cases Of Covid-19 In Ireland
There have been four new confirmed cases of Covid-19 in Ireland, the Health Protection Surveillance Centre has reported. The patients are all associated with travel from the same affected area in Northern Italy. There are two male and two female patients, from the western part of the country. Dr.
27 February 2020
Sinn Féin Call For All-Ireland Approach To Threat Of Coronavirus
Sinn Féin have called for an all-Ireland approach to dealing with the threat of the Coronavirus. Making the call, spokesperson on Health Louise O'Reilly said: "The possibility of a positive case of Coronavirus on the island cannot be discounted.
Sinn Féin Call For All-Ireland Approach To Threat Of Coronavirus
Sinn Féin have called for an all-Ireland approach to dealing with the threat of the Coronavirus. Making the call, spokesperson on Health Louise O'Reilly said: "The possibility of a positive case of Coronavirus on the island cannot be discounted.
14 February 2020
Man Arrested In Connection With Alleged Sexual Offences In Scouting Ireland
A man, aged in his 70s, has been arrested by garda investigating alleged sexual offences committed by an individual associated with Scouting Ireland. To date, An Garda Síochána has carried out a lengthy investigation into these matters.
Man Arrested In Connection With Alleged Sexual Offences In Scouting Ireland
A man, aged in his 70s, has been arrested by garda investigating alleged sexual offences committed by an individual associated with Scouting Ireland. To date, An Garda Síochána has carried out a lengthy investigation into these matters.
14 February 2020
Weather Warning Issued For All Of Ireland
Two weather warnings have been issued for the whole of Ireland by Met Éireann as Storm Dennis approaches. Status Yellow weather warnings have been issued for rainfall and wind, with heavy, thundery rain expected on Saturday. Met Éireann said that this could lead to risk of some flooding.
Weather Warning Issued For All Of Ireland
Two weather warnings have been issued for the whole of Ireland by Met Éireann as Storm Dennis approaches. Status Yellow weather warnings have been issued for rainfall and wind, with heavy, thundery rain expected on Saturday. Met Éireann said that this could lead to risk of some flooding.
20 January 2020
Offence Of Blasphemy Abolished In Ireland
The Minister for Justice and Equality, Charlie Flanagan, has announced the commencement of the Blasphemy (Abolition of Offences and Related Matters) Act 2019 which abolishes the offence of blasphemy.
Offence Of Blasphemy Abolished In Ireland
The Minister for Justice and Equality, Charlie Flanagan, has announced the commencement of the Blasphemy (Abolition of Offences and Related Matters) Act 2019 which abolishes the offence of blasphemy.
-
Ireland WeatherToday:A dry and bright start. However, it will turn wet and very windy during the day, strong to gale force southeasterly winds developing, severe gales around the Irish Sea coast by the end of the afternoon. Maximum temperature 15 °C.Tonight:Wet and very windy this evening, gusts of 50 to 60mph likely, reaching 70mph around the Irish Sea coast. Winds then turning into the southwest and easing. Minimum temperature 10 °C.
