Pearse Doherty (Donegal South West, Sinn Fein)

Given that it is promised Government policy that banks should absorb the rate increases that have applied - twice since the Taoiseach took office - is it the intention of the Government to introduce legislation to give Mr. Elderfield legal powers to cap the variable interest rates as they now stand because the banks are clearly in defiance of the orders he gave last week?

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