The speech concluded that the arguments in favour of setting a positive CCyB sufficiently early in the cycle, to build in resilience and mitigate pro-cyclicality in a downturn, are compelling. Interest rates A common and justifiable complaint about the Irish mortgage market is the interest rates charged relative to the eurozone average interest rate.
While averages can be misleading, as is the case in Ireland if tracker rates are included, it is undoubtedly the case that mortgage interest rates for new lending are higher in Ireland than the average for other eurozone countries.