Enda Kenny (Mayo, Fine Gael)

The regulator is right to tell the banks he wants the variable mortgage interest rates not to be increased, and we support him in that. I hope the banks will take a responsible view of what the regulator announced. Clearly, this is a response from banks that lose money on tracker mortgages and expect a rate increase in the variable rates. I hope the banks will listen carefully and act accordingly on the regulator's decision in this regard.

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