AIB not to pass rate cut on to variable rate mortgage holders

The AIB Executive Chairman David Hodgkinson has said the European Central Bank interest rate cut will not be passed on to customers.

AIB not to pass rate cut on to variable rate mortgage holders

The AIB Executive Chairman David Hodgkinson has said the European Central Bank interest rate cut will not be passed on to customers.

Mr Hodgkinson said, given that the State-owned bank did not hike variable mortgage charges when the ECB increased rates during the summer, there will be no decrease.

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