Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

Mr. Madouros says that the Central Bank is "looking at" this matter closely. The consumer is also looking at it and is seeing interest rates increase. The interest rates on all mortgage lending, not just new mortgage lending, are still 50% higher than the European average whereas deposit interest rates are lower than the European average and Irish banks are making bonanza profits because Irish customers have so much on deposit with them. The Central Bank is “looking at” it. People feel screwed by the banks where this matter is concerned, and that is even before I talk about non-bank lenders. My time is up, though.