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Commenting on the ECB decision to keep its interest rates unchanged, Brokers Ireland said it will come as a relief to worried mortgage holders who have been in trepidation fearing further increases.

Ifac, Ireland’s farming, food, and agribusiness specialist professional services firm, and a top 10 accountancy firm, is advising Westmeath business owners and savers to look for alternatives to get the best return on their cash deposits.

Property prices in Westmeath have stayed steady during the quarter, according to the latest MyHome.ie Property Price Report.

Buying a new car is the top financial goal for 24% of consumers in the next five years, highest amongst households with children at 30%, according to new research from Aviva Life & Pensions Ireland DAC (Aviva).

Welcoming the initiative by Banking & Payments Federation Ireland for mortgage holders who want to switch lenders but have had credit issues in the past, Brokers Ireland, a participant in assisting those seeking to switch their mortgages said now is a good time to remind mortgage holders running into difficulty to reach out for help before falling into arrears.

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Commenting on the recent ECB decision to raise its main refinancing rate by a further 0.25 percent, the ninth increase since July last, bringing it to 4.25 percent, Brokers Ireland said “one would be hopeful while not at all confident, that the strategy will achieve stability rather than fragility and destruction among borrowers – personal and business borrowers.”

The increased cost of the weekly food shop is the most common financial impact experienced by 77% of consumers this year, cited amongst 82% of women surveyed and 73% of men, according to new research from Aviva Life & Pensions Ireland DAC (Aviva).

Responding to the most recent Central Bank Retail Interest Rates publication for April, showing Ireland at a weighted average interest rate of 3.63 percent in April, 0.6 percent ahead of the euro area average, Brokers Ireland said the Irish market is now in worrying territory for both aspiring and existing borrowers.

Property prices in Westmeath have risen by €10,000 during the quarter, according to the latest MyHome.ie Property Price Report.