MyHome.ie Blog
  • MyHome Living
  • News
  • RetroFit Hub
  • Buyers Advice Hub
  • Selling
  • Renting
  • Mortgages
  • Property Report
MyHome.ie Blog
  • MyHome Living
  • News
  • RetroFit Hub
  • Buyers Advice Hub
  • Selling
  • Renting
    • Mortgage Learning Center
    • Calculators
    • Best Mortgage Table
  • Property Report
    • All Properties
    • Houses For Sale
    • Apartments For Sale
    • Available To View
    • Overseas Holiday Homes
      • Properties For Auction
      • Upcoming Auctions
      • BER Assessors
      • Property Conveyancing Solicitors
      • Pre-Purchase Surveyors
    • Find Agents
    • All Properties
    • Houses To Rent
    • Apartments To Rent
    • Available To View
    • Share
      • Irish Holiday Homes
      • Overseas Holiday Homes
  • New Homes
    • For Sale
    • To Rent
    • Auction
      • Residential Land
      • Commercial Land
      • Farm Land
      • Farms
      • Sites
    • MyHome Living
    • Buyer Advice Hub
    • Property Report
    • Property Price Register
    • Price Changes
  • Mortgages
    • Rental
    • Holiday Homes
    • Commercial
    • Sharing
Advertisement
  • Home
  • Uncategorized
  • Record low interest rates here to stay, predict economists
Uncategorized
Jan 6, 2016 - 11:02

Record low interest rates here to stay, predict economists

MyHome.ie
By MyHome.ie
Share this article
Facebook Share Twitter Share Linkedin Share Email Share Whatsapp Share
Record low interest rates here to stay, predict economists

Record low interest rates are here stay, according to leading analysts.

Some of the country’s top economists yesterday predicted that the ECB may only start hiking rates as late as 2019, something which will be welcome news to all those with a tracker mortgage.

It will also keep the pressure on banks to lower their standard variable rates.

“This is good news for Irish businesses and Irish households,” said Philip O’Sullivan, chief economist at Investec Ireland, who predicted no increase until at least 2019.

The timing of any rate rise will have a lot to do with the outlook of crude oil prices, but the ECB would not likely start hiking rates before 2018, said Alan McQuaid, chief economist at Merrion Capital.

Advertisement

“My personal view is that the ECB won’t countenance a rate rise for at least two years,” said David McNamara, economist at Davy.

The current ECB interest rate is at a record low of 0.05%, down from an all-time high of 4.75% in October 2000 and from above 4% in late 2008.

Subscribe to our weekly MyHome Living eZine today

Processing your request...

You are subscribed now!

<

  • Tags
  • Alan McQuaid
  • David McNamara
  • Davy
  • ECB
  • ECB rate
  • economist
  • European Central Bank
  • interest rates
  • Investec Ireland
  • Merrion Capital
  • Philip O'Sullivan
  • Standard variable rates
  • tracker mortgage
MyHome.ie
By MyHome.ie
Share this article
Facebook Share Twitter Share Linkedin Share Email Share Whatsapp Share

Helpful Links

Find your home on MyHome
Read more Articles
Calculate what you can afford to borrow
Welcome to the Retrofit Hub
Advertisement
Advertisement

Related News

What is a Heat Pump?
Uncategorized

What is a Heat Pump?

Feb 27, 2025
Living Cities Initiative
Uncategorized

Living Cities Initiative

Jan 14, 2025
Digital Services Act
Uncategorized

Digital Services Act

Mar 31, 2024
Avant Money and Finance Ireland announce new rates
Uncategorized

Avant Money and Finance Ireland announce new rates

Dec 09, 2021
Average deposit of first-time buyer was €52,000 in first half of the year
Uncategorized

Average deposit of first-time buyer was €52,000 in first half of the year

Dec 07, 2021
Frequent And Popular Searches
MyHome.ie Blog
Help
Jobs
About
Equality Guidelines
Brand Safety
Contact
Terms & Conditions
Cookie Policy
Privacy Policy
Digital Services Act
Sitemap
© Copyright MyHome.ie 2025
Advertisement