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Commenting on the recent ECB decision to keep interest rates unchanged, Brokers Ireland said even when the move to reduce the rate begins there is still a 'rocky road' ahead for many mortgage holders.

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.”

A ban on ‘price walking’ in the motor and home insurance sectors will come into effect this July.

A new D class lifeboat for Ballyglass RNLI is to be officially named Clann Lir, during a ceremony at the inshore lifeboat station at 2pm on Saturday. The lifeboat, which went into service earlier this year, has been funded by a donation from the Central Bank of Ireland.