EBS and Permanent TSB announce interest rate cuts

The EBS and Permanent TSB have became the latest financial institutions to announce that they will be cutting their interest rates in line with yesterday's move by the European Central Bank.

Fri, 05 Dec, 2008 - 10:36

EBS and Permanent TSB have become the latest financial institutions to announce that they will be cutting their interest rates in line with yesterday's move by the European Central Bank.

The ECB cut rates by three-quarters of one percentage point in an effort to stimulate economic activity in the euro-zone.

AIB, Halifax-Bank of Scotland, Bank of Ireland and the ICS Building Society have already announced similar cuts in response to the move.

The other banks and building societies in Ireland say they are reviewing the situation.