If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)

Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Interest Rates

Drummerboy2 · 2009-05-18 10:58:05

A work colleague just mentioned that he has been informed by Halifax are increasing the interest rates on their variable loans. Does this mean that the Irish banks will soon follow and raise theirs?

Options

18-05-2009 11:58am

#1

Drummerboy2

Registered Users Posts: 888 ✭✭✭

Join Date: January 2006

Posts: 835

A work colleague just mentioned that he has been informed by Halifax are increasing the interest rates on their variable loans. Does this mean that the Irish banks will soon follow and raise theirs?

0

Comments

Options
#2 18-05-2009 12:36pm
spank_inferno

Closed Accounts Posts: 3,892 ✭✭✭

Join Date: July 2006

Posts: 3783

they could, but as base rates are different for the UK & Ireland we cant say for sure.

With the base rate in the UK being so low perhaps Halifax are raising their loan rate to give them a bit of elbow room, as their margins must be razor thin at the moment.... (the imcome from lending vs the cost of acquiring that capital to lend in the first place)

0