Pearse Doherty (Donegal, Sinn Fein)
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It is important that Dr. Hunt takes this opportunity to explain, for people who do not understand the intricacies of banking, that if one passes on that increase of 0.75% for variable-rate mortgage holders -and, potentially, it will spill over into fixed-rate mortgages - his bank will make a profit and be in a stronger financial position. Its profits will increase.