Irish inflation is so small as a share of euro area inflation as to be irrelevant to the ECB's mission.then surely inflation will not be reduced ?
If they are not, perhaps. But they have been so your point is moot.But if Irish banks are not passing these hikes on in the form of variable rate mortgage increases or deposits (to incentivise keeping money on deposit rather than spend it) then surely inflation will not be reduced ?
The stated aim of these increases is to curb inflation by making it expensive to spend borrowed money.
But if Irish banks are not passing these hikes on in the form of variable rate mortgage increases or deposits (to incentivise keeping money on deposit rather than spend it) then surely inflation will not be reduced ?
Aside from today's announcement by AIB regarding variable rates, which banks have been raising variable rates since the ECB started raising rates last July?If they are not, perhaps. But they have been so your point is moot.
All tracker rate providers for a start.Aside from today's announcement by AIB regarding variable rates, which banks have been raising variable rates since the ECB started raising rates last July?
The fact is a lot of banks have been raising rates. So much so Irish banks now look competitive.Aside from today's announcement by AIB regarding variable rates, which banks have been raising variable rates since the ECB started raising rates last July?
All tracker rate providers for a start.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?