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Minister Noonan welcomes AIB’s announcement of further mortgage interest rate reductions

Commenting on the details of the AIB interest rate decision, Minister Noonan stated:
“I welcome the move by AIB today to reduce mortgage interest rates again for new and existing customers. Today’s move is illustrative of the increasingly competitive mortgage market we now have in Ireland, which is a priority for this government and this latest move along with the previous rate reductions from AIB benefits approximately 76,000 mortgage accounts leading to very significant annual savings for households across the country.
I further welcome the bank’s initiative to stimulate activity in the switcher market and I urge mortgage customers to continue to shop around to avail of the best rate.”