Does anyone know where I can get info on them on the internets? Central Bank site doesn’t seem to go back that far.
Just bumping this one…does anyone know where to get this info?
I want to do some sort of comparison between mortgage costs today and in the 1980’s.
Here you go, from google books;
Oh goody a graph might come of this perhpas
Mortgage Rate was discount + 2% or so back then . eg discount of 8% meant mortgage rate of 10% .
Its was more like ecb+ 1.2 for a while there but thats up to ecb + 1.6 now with todays permo announcement .
Thank you very much, jeepers they were even higher than I expected in the 70’s .
If the gonks have it wrong and we’re heading for staglflation expect high rates again - although not at Irish levels - look for Bundesbank rates from the seventies to see where we might be heading. You’re going to ask for them next, aren’t you?!
the rates peaked in about 1993.
I longed for the days of lower interest rates in the hope that we could actually do something great with the country. D’oh.