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Dublin Live
Dublin Live
National
Rayana Zapryanova

Certain Irish mortgage holders to pay more from tomorrow after interest rate hike

Joey Sheahan ECB

Irish tracker mortgage holders will be paying an extra 0.25 per cent from tomorrow after European Central Bank raised their interest rates today.

This is the the eighth successive ECB interest rate hike since last July when they began to respond to higher inflation, bringing the base deposit rate to 3.5 per cent

MyMortgages.ie Head of Credit Joey Sheahan told Dublin Live what the interest hike means for Irish mortgage holders: "This will have an immediate impact on tracker mortgage holders. This means that every tracker mortgage holder regardless of the margin of interest of paying, will be paying an extra 0.25 per cent tomorrow than what they were paying today.

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