Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

This is significant. There has been a record increase of 75 basis points by the ECB. People out there are looking at the winter ahead, the energy crisis and the cost-of-living crisis, and they are thinking about Christmas and wondering whether, if they have a €200,000 mortgage over 20 years, they will pay €800 more in interest to Bank of Ireland. They want certainty but Mr. Kelly is giving them nothing. He is saying, "We will keep it under review", but he could say that at any time. I am asking about the ECB interest rate increase and, in light of that significant event, when Bank of Ireland will decide one way or another whether it will pass it on, absorb it as it did with the previous increase or pass it on partially.