I've just noticed that my mortgage account (which by the way I was able to add as a new account to view online) shows the recent ECB cuts being applied on 22 Oct 4.85% (ECB + 1.1% Tracker) and 19 Nov 4.35% . As I'm on a tracker mortgage are AIB not obliged to pass on the rate reduction on the day the ECB rate cut is announced. I see that the first ECB cut was on Oct 8th which is two weeks before it seems to have been applied to the account. I assume the Nov 19th cut is also late this time I think by a week as I read on http://www.ecb.int/press/pr/date/2008/html/pr081106.en.html that the rate cut came into effect on Nov 12th