AIB has become the latest bank to cut its mortgage rates.

It has announced that its fixed mortgage interest rates will be reduced by about 0.3%, the second reduction in less than a year. KBC and Ulster Bank also previously announced cuts to their own fixed rates.

But will the banks be able to make profits from lower rates?

Charlie Weston, personal finance editor of The Irish Independent, and Karl Deeter from Irish Mortgage Brokers joined us to discuss this.

Listen to the interview in full by pressing the play button on this page.