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Interest Rates

helen_br · 2002-12-05 12:36:21

Any opionions on what we'd like the ECB to announce on interest rates? The UK has kept on hold at 4% so if there's a cut here it will create a big difference between us and our nearest neighbour as well as risk a complete overcooking of the Irish housing market. Ideas?

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05-12-2002 1:36pm

#1

helen_br

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Any opionions on what we'd like the ECB to announce on interest rates? The UK has kept on hold at 4% so if there's a cut here it will create a big difference between us and our nearest neighbour as well as risk a complete overcooking of the Irish housing market.

Ideas?

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#2 05-12-2002 1:55pm
Mountjoy Mugger

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Well, they've done it anyway. Cut to 2.75%, down half a point.

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#3 05-12-2002 3:02pm
Samson

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Originally posted by Mountjoy Mugger
Well, they've done it anyway. Cut to 2.75%, down half a point.

That's a good decrease, I spoke to my bank manager this morning, and he was forecasting a .25% decrease in rates.
Although a .5% drop in the ECB rate does not guarantee a drop in AIB's (or anyone else) rate.

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