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Will AIB fixed rate fall even lower?

  • 09-08-2015 8:19pm
    #1
    enfant terrible
    Registered Users, Registered Users 2 Posts: 4,588 ✭✭✭


    With the variable rate falling to 3.65%, do you see their current one year 3.5% fixed rate going even lower in October?


Comments

  • #2
    Victor
    Registered Users, Registered Users 2 Posts: 78,457 ✭✭✭✭Victor


    Unlikely - the banks had to be brow-beaten to make the current reductions.

    Interest rates are at the bottom and unlikely to drop. With the fall in the euro, I would expect them to rise modestly over next year or two


  • #3
    enfant terrible
    Registered Users, Registered Users 2 Posts: 4,588 ✭✭✭enfant terrible


    Victor wrote: »
    Unlikely - the banks had to be brow-beaten to make the current reductions.

    Interest rates are at the bottom and unlikely to drop. With the fall in the euro, I would expect them to rise modestly over next year or two

    Why would they offer a three year fixed rate of 3.65% if they think rates will rise over the coming years?

    Wouldn't that suggest they think rates will fall even further?


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