Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

When Professor McMahon is talking about being targeted, is that not part of the problem with the interest rate hikes? They are very untargeted. The policy that is being pursued by the Central Bank and the ECB is to hike interest rates. There is nothing targeted about that, is there? The people who are getting hurt by it are often those who can least afford it. It might be cooling the economy in some sort of general sense, but from the point of view of the people most directly affected, namely, mortgage holders for the roof over their heads, they are getting slaughtered for things they did not cause.