KBC Bank Ireland chief sees path to mortgage rate cuts narrowing as it grows market share to over 10%

The chief executive of KBC Ireland said that the road is probably narrowing for the prospects of further reductions in home loans.

KBC Bank Ireland chief sees path to mortgage rate cuts narrowing as it grows market share to over 10%

The bank is challenging many of the big lenders with low standard variable rates.

Wim Verbraeken told the Irish Examiner that he was not necessarily calling “the bottom” of the interest-rate cycle, but that the interest-rate environment in Europe and the policy at the ECB suggest that rates may not fall that much further.

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