Tag Archives: 0.25%

AIB

AIB and Ulster Bank refuse to pass on cut to variable rate customers

AIB has announced that it will not be passing on the latest ECB interest rate cut to its variable mortgage customers. Ulster Bank has also confirmed that it will not be passing on the cut – the second successive month that they have failed to pass on the 0.25% reductions. EBS, which is now part [...]

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ECB

ECB cuts rate by another 0.25%

The European Central Bank has cut its key interest rate by a quarter of a percentage point to 1% to help the euro zone economy as it slides toward recession because of the debt crisis. The bank last cut rates only five weeks ago on November 3. Permanent TSB had said it will pass on [...]

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Will banks pass on the latest rate cuts to their customers?

Should banks pass on rate cuts?

Today’s topic may be a little contentious… In a surprise move yesterday Mario Draghi, the brand new ECB President, reduced interest rates and indications are that they may go lower again in the near future (he had been president for a mere 3 days to that point). The reduction was 0.25%, giving a new base [...]

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