The European Central Bank (ECB) sets key interest rates for the euro area, which can influence the cost of funding for Irish lenders. Changes may affect tracker and variable mortgage rates more directly, while fixed rates are also shaped by market expectations, funding costs and lender pricing. Mortgage rates do not always move by the same amount, or at the same time, as an ECB decision. Check your lender’s terms and current information from the ECB or Central Bank of Ireland before making decisions.