Lenders refuse to say if they will pass on forecasted rate cut

LENDERS have refused to guarantee customers that they will pass on the interest rate cut that is likely to be announced tomorrow.

AIB, Bank of Ireland, EBS, Irish Life and Permanent, Ulster Bank and Permanent TSB all said they would consider passing on the cut only after the announcement from the European Central Bank (ECB).

But Bank of Scotland (Ireland), which owns Halifax, said it would be passing on any cuts.