Irish interest rates fall slightly following ECB decision

Central Bank of Ireland data shows the weighted average interest rate on new Irish mortgages as of the end of September was 4.08%, down from 4.11% in August

Ireland has the sixth highest mortgage interest rates in the eurozone with Latvia, Estonia, and Lithuania topping the list.

The average interest rate in Ireland for new mortgages fell slightly during September following rate cuts announced by the European Central Bank (ECB) but not as fast compared to the rest of the eurozone

The ECB cut interest rates by 0.25% in September and again last month. The bank’s governing council is due to have its last meeting before the end of the year next month where another rate cut could be announced.