Mortgage Interest Rates
Dail Éireann — 2025-12-18
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Pearse Doherty (SF), Donegal

It is a nonsense argument. The banks should be reducing their interest rates beyond the rate they are offering at this time. The ECB has given them the flexibility to do that by reducing the rate. I am not expecting them to be passed on percentage by percentage, but there is no doubt that Irish banks are creaming it off the backs of mortgage holders and the Tánaiste is doing nothing about it. His predecessor did nothing about it, and the Tánaiste's response here is that he will not do anything about it. All he is saying to the public is that he is looking for competition, that we have to get another bank. What will he actually do about AIB and Bank of Ireland making a €5 billion profit when everyone in this Chamber knows it is being made as a result of high interest rates that should not be charged to Irish consumers. Consumers and families are being forced to take out mortgages at huge rates because of Government policies.

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/dail/2025-12-18/debate/main
Retrieved: 2026-08-14T04:54:29+00:00
Sitting date: 2025-12-18