Mortgage Interest Rates
Dail Éireann — 2023-10-05
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Pearse Doherty (SF), Donegal

In the past 15 months, the European Central Bank, ECB, has increased its key lending rate ten times. The Minister knows now that many households are feeling the sudden, sharp increases in the mortgage crisis. For many it is a massive income shock. As we know, this has happened in the context of the wider cost-of-living crisis. Will the Minister commit to introducing temporary and targeted mortgage interest relief in next week's budget to support those families? Many of them, as the Central Bank has said, are paying above €3,000 more in interest rates this year compared to last year, with 20% paying an average of €5,700 more.

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/dail/2023-10-05/debate/main
Retrieved: 2026-08-14T04:52:15+00:00
Sitting date: 2023-10-05