9/5/2014: Cost of Credit in Ireland Kept Rising in Q1 2014

Latest data from the Central Bank shows continued increases in cost of credit in Ireland in Q1 2014:
- Overdrafts rates for households are up 0.46 percentage points in Q1 2014 compared to Q1 2013;
- Loans for house purchases with original maturity up to 1 year: up 0.29 percentage points
- Loans for house purchases with original maturity of over 1 year and up to 5 years: up 0.08 percentage points
- Loans for house purchases with original maturity over 5 years: down 0.2 percentage points

- Consumer loans with original maturity up to 1 year: up 0.82 percentage points
- Consumer loans with original maturity of over 1 year and up to 5 years: up 0.3 percentage points
- Consumer loans with original maturity over 5 years: down 0.02 percentage points

- Non-financial corporations loans with original maturity up to 1 year: up 0.1 percentage points
- NFC loans with original maturity of over 1 year and up to 5 years: up 0.16 percentage points
- NFC loans with original maturity over 5 years: up 0.01 percentage points
- NFC overdrafts rates down 0.36 percentage points.

Thus, Irish 'repaired' banking system continues to extract higher costs out of households and businesses already strained by debt burdens.