Do people have any thoughts on how quickly the mortgage interest rates offered in the Irish market would increase following an ECB interest rate hike?
There is currently a lot of discussion as to when the ECB will hike rates, with some recent reports indicting Autumn as the first rate increase. Personally, I am primarily concerned about my mortgage interest rate. I would like to switch to a 5 year fixed rate with the current rates offered by the likes of AIB or BOI but am not sure if I will be able to get over the line in the next few months. As such, I was wondering if people had prior experience as to how quickly the Irish banks have historically reacted to ECB interest rate hikes (or indeed if they try to pre-empt them).