AIB has not ruled out passing cost of interest rate hike to customers

AIBs decision on whether it will absorb the impact of the latest rate hike of 0.75% will be made “over the course of the next number of weeks”, according to its chief executive Colin Hunt.

The bank, which is the biggest mortgage lender in the country, previously absorbed the impact of the first interest rate hike which went up 0.50%

The three remaining retail banks in the Republic have not officially ruled out passing on the costs associated with the latest interest rate hike to its customers.

AIB's decision on whether or not it will absorb the impact of the latest rate hike of 0.75% will be made “over the course of the next number of weeks”, according to its chief executive Colin Hunt.