The benchmark interest rate in Ireland was last recorded at 4.50 percent. This dataset provides - Ireland Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The mortgage interest rate in Ireland increased notably in 2023. From **** percent in the fourth quarter of 2022, the rate reached **** percent in the fourth quarter of 2023. In 2024, the rate eased, falling to **** percent in the fourth quarter of the year. This was part of an overall trend of increasing mortgage interest rates in Europe. Factors that influence mortgage interest rates include inflation, economic growth, monetary policies, the bond market, the stability of lenders, and the overall conditions of the housing market.

Key information about Ireland Long Term Interest Rate

• Ireland Long Term Interest Rate: Month Avg: Ireland: ECB Harmonised was reported at 2.72 % pa in Feb 2025, compared with 2.79 % pa in the previous month.
• Ireland Long Term Interest Rate data is updated monthly, available from Jan 1993 to Feb 2025.
• The data reached an all-time high of 12.51 % pa in Jul 2011 and a record low of -0.29 % pa in Dec 2020.
• Long Term Interest Rate is reported by reported by CEIC Data.

• In the latest reports, Ireland Short Term Interest Rate: Month End: EURIBOR: 3 Months was reported at 1.72 % pa in Dec 2021.
• The cash rate (Policy Rate: Month End: Main Refinancing Operations) was set at 2.90 % pa in Feb 2025.
• Ireland Exchange Rate against USD averaged 0.92 (USD/EUR) in Jun 2023.

View monthly updates and historical trends for Ireland Long Term Interest Rate. Source: European Central Bank. Track economic data with YCharts analytics.

Graph and download economic data for Interest Rates: 3-Month or 90-Day Rates and Yields: Interbank Rates: Total for Ireland (IR3TIB01IEM156N) from Jan 1984 to Jul 2025 about Ireland, interbank, 3-month, yield, interest rate, interest, and rate.

Graph and download economic data for Interest Rates: Immediate Rates (< 24 Hours): Call Money/Interbank Rate: Total for Ireland (IRSTCI01IEM156N) from Jan 1999 to Jul 2025 about Ireland, interbank, overnight, interest rate, interest, and rate.

Bank deposit interest rate, percent in Ireland, June, 2025 The most recent value is 2.54 percent as of June 2025, a decline compared to the previous value of 2.58 percent. Historically, the average for Ireland from July 2017 to June 2025 is 0.64 percent. The minimum of 0.02 percent was recorded in October 2019, while the maximum of 2.62 percent was reached in November 2024. | TheGlobalEconomy.com

Mortgage credit interest rate, percent in Ireland, June, 2025 The most recent value is 3.27 percent as of June 2025, a decline compared to the previous value of 3.36 percent. Historically, the average for Ireland from January 2003 to June 2025 is 3.48 percent. The minimum of 2.38 percent was recorded in February 2022, while the maximum of 5.86 percent was reached in September 2008. | TheGlobalEconomy.com

Table B.3.1 presents quarterly mortgage rate data specific to the Irish market. These data include all euro and non-euro denominated mortgage lending in the Republic of Ireland only. New business refers to new mortgage lending drawdowns during the quarter, broken down by type of interest rate product (i.e. fixed, tracker and SVR). The data also provide further breakdown of mortgages for principal dwelling house (PDH) and buy-to-let (BTL) properties. Renegotiations of existing loans are not included.

Interbank Rate in Ireland increased to 2.07 percent in September from 1.99 percent in August of 2025. This dataset provides - Ireland Three Month Interbank Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Interest Rates: Long-Term Government Bond Yields: 10-Year: Main (Including Benchmark) for Ireland (IRLTLT01IEQ156N) from Q1 1971 to Q2 2025 about Ireland, long-term, 10-year, bonds, yield, government, interest rate, interest, and rate.

Ireland: Interest rates on bank credit to the private sector: The latest value from is percent, unavailable from percent in . In comparison, the world average is 0.00 percent, based on data from countries. Historically, the average for Ireland from to is percent. The minimum value, percent, was reached in while the maximum of percent was recorded in .

In June 2024, the European Central Bank (ECB) began reducing its fixed interest rate for the first time since 2016, implementing a series of cuts. The rate decreased from 4.5 percent to 3.15 percent by year-end: a 0.25 percentage point cut in June, followed by additional reductions in September, October, and December. The central bank implemented other cuts in the first half of 2025, setting the rate at 2.15 percent in June 2025. This marked a significant shift from the previous rate hike cycle, which began in July 2022 when the ECB raised rates to 0.5 percent and subsequently increased them almost monthly, reaching 4.5 percent by December 2023 - the highest level since the 2007-2008 global financial crisis. How does this ensure liquidity? Banks typically hold only a fraction of their capital in cash, measured by metrics like the Tier 1 capital ratio. Since this ratio is low, banks prefer to allocate most of their capital to revenue-generating loans. When their cash reserves fall too low, banks borrow from the ECB to cover short-term liquidity needs. On the other hand, commercial banks can also deposit excess funds with the ECB at a lower interest rate. Reasons for fluctuations
The ECB’s primary mandate is to maintain price stability. The Euro area inflation rate is, in theory, the key indicator guiding the ECB's actions. When the fixed interest rate is lower, commercial banks are more likely to borrow from the ECB, increasing the money supply and, in turn, driving inflation higher. When inflation rises, the ECB increases the fixed interest rate, which slows borrowing and helps to reduce inflation.

Ireland ECB Interest Rate: Deposit Facility data was reported at 2.250 % pa in Apr 2025. This records a decrease from the previous number of 2.500 % pa for Mar 2025. Ireland ECB Interest Rate: Deposit Facility data is updated monthly, averaging 0.625 % pa from Jan 1999 (Median) to Apr 2025, with 316 observations. The data reached an all-time high of 4.000 % pa in May 2024 and a record low of -0.500 % pa in Jun 2022. Ireland ECB Interest Rate: Deposit Facility data remains active status in CEIC and is reported by European Central Bank. The data is categorized under Global Database’s Ireland – Table IE.M001: Key Interest Rates: European Central Bank.

Long-term interest rate in Ireland, May, 2025 The most recent value is 2.89 percent as of May 2025, a decline compared to the previous value of 2.9 percent. Historically, the average for Ireland from December 1970 to May 2025 is 7.55 percent. The minimum of -0.29 percent was recorded in December 2020, while the maximum of 19.47 percent was reached in February 1982. | TheGlobalEconomy.com

Graph and download economic data for Interest Rates: Long-Term Government Bond Yields: 10-Year: Main (Including Benchmark) for Ireland (IRLTLT01IEM156N) from Dec 1970 to Jun 2025 about Ireland, long-term, 10-year, bonds, yield, government, interest rate, interest, and rate.

Ireland: Real interest rate: Bank lending rate minus inflation: The latest value from is percent, unavailable from percent in . In comparison, the world average is 0.00 percent, based on data from countries. Historically, the average for Ireland from to is percent. The minimum value, percent, was reached in while the maximum of percent was recorded in .

Graph and download economic data for Interest Rates: Immediate Rates (< 24 Hours): Call Money/Interbank Rate: Total for Ireland (IRSTCI01IEQ156N) from Q1 1999 to Q2 2025 about Ireland, interbank, overnight, interest rate, interest, and rate.

Ireland: Bank lending-deposit interest rate spread : The latest value from is interest rate points, unavailable from interest rate points in . In comparison, the world average is 0.00 interest rate points, based on data from countries. Historically, the average for Ireland from to is interest rate points. The minimum value, interest rate points, was reached in while the maximum of interest rate points was recorded in .

Mortgage rates surged at an unprecedented pace in 2022, with the average 10-year fixed rate doubling between March and December of that year. In response to mounting inflation, the Bank of England implemented a series of rate hikes, pushing borrowing costs steadily higher. By August 2025, the average 10-year fixed mortgage rate had climbed to 4.49 percent. As financing becomes more expensive, housing demand has cooled, weighing on market sentiment and slowing house price growth. How have the mortgage hikes affected the market? After surging in 2021, the number of residential properties sold fell significantly in 2023, dipping to just above *** million transactions. This contraction in activity also dampened mortgage lending. Between the first quarter of 2023 and the first quarter of 2024, the value of new mortgage loans declined year-on-year for five consecutive quarters. Even as rates eased modestly in 2024 and housing activity picked up slightly, volumes remained well below the highs recorded in 2021. How are higher mortgages impacting homebuyers? For homeowners, the impact is being felt most acutely as fixed-rate deals expire. Mortgage terms in the UK typically range from two to ten years, and many borrowers who locked in historically low rates are now facing significantly higher repayments when refinancing. By the end of 2026, an estimated five million homeowners will see their mortgage deals expire. Roughly two million of these loans are projected to experience a monthly payment increase of up to *** British pounds by 2026, putting additional pressure on household budgets and constraining affordability across the market.