Banks Cave in to Pressure and Pass On Ecb Rate Cut

Daily MailDecember 06, 2008

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Summary


ALL of Ireland's Government-guaranteed banks eventually relented to public pressure yesterday to pass on the full benefits of the European Central Bank's latest interest rate cuts.

But one institution warned it won't be so generous in the future.

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Extract


Banks Cave in to Pressure and Pass On Ecb Rate Cut

Ireland's largest mortgage lender, Permanent TSB, warned that 'high interbank rates could prevent future reduc...

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