Interest rates hold steady ahead of ECB meeting

Average interest rate on new Irish mortgage agreements as of the end of July stood at 4.11%, unchanged from June, Central bank data shows

Ireland has the sixth highest mortgage interest rates across the eurozone.

The average interest rate for new mortgages held steady during July ahead of a meeting of the European Central Bank on Thursday, where a rate cut is expected to be announced.

According to new data from the Central Bank of Ireland, the weighted average interest rate on new Irish mortgage agreements as of the end of July stood at 4.11%, unchanged from June but up 0.05% from the same month last year.