Has the Central Bank let down Irish mortgage holders?
Inside Business with Ciaran Hancock
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Is the VDCB Going to Increase Rates?
The expectation is that the VDCB will increase rates by another half a percentage point. The Irish banks as I understand it are still flush with deposits. So if they're not passing on the 3% ECP rate increases to their depositors, they certainly don't need to pass it on to their mortgage holders.
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