CENTRAL BANK OF IRELAND

Mortgage Relief Plan-Central Bank

Government’s Mortgage Relief Plan Fails to Aid Most Vulnerable, Central Bank Warns

Last year’s budget’s promise to alleviate the impact of rising interest rates has fallen short, according to the Central Bank’s recent report. The scheme, costing €120 million annually, primarily benefits older homeowners with tracker mortgages, neglecting those facing steep interest rates exceeding 6%. The bank urges a revision, limiting assistance to those with rates above … Read more

Online and mobile banking payments hit record high

Consumers’ use of digital banking has hit a record high as contactless payments continue to surge, new figures show. Online and mobile banking volumes grew by almost 12 per cent to 36 million payments in the second quarter of this year to reach the highest level since the data series began six years ago, According … Read more