News Formal

Banks double business loan interest rates over past year

  • 📰 IrishTimesBiz
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 77%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Mortgage rates for new loans now average 3.84%, ahead of 3.7% average across EU lenders

The 3.84 per cent average rate that applied to new Irish home loans in May was up from 2.72 per cent a year earlier and slightly ahead of the latest euro-zone average rate of 3.7 per cent. It was up 21 basis points from the average of 3.63 per cent in April.

The European Central Bank hiked its main lending rate from zero last July to 3.75 per cent in early Mary, as big central banks globally rushed to increase the cost of borrowing to try to rein in inflation. The ECB has since increased its rate to 4 per cent.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 6. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Property industry plays down impact of higher interest rates: Is it right?Several commentators think property industry is underestimating impact of interest rates
Källa: IrishTimesBiz - 🏆 6. / 77 Läs mer »