Pearse Doherty (Donegal South West, Sinn Fein)

I will repeat the question because Bank of Ireland knows Mr. Matthew Elderfield and the House do not have the powers to force it to reduce interest rates. The chief executive of Bank of Ireland rubbed the noses of the Government in it when he was invited to a meeting with the Taoiseach. The Minister of State, Deputy Hayes, called the decision pathetic. The question on behalf of struggling mortgage holders who have mortgages with Bank of Ireland, which survives because of the good will of the State, is what the Government and Minister are going to do to enforce the passing on of the ECB interest rate cut. Is the Minister going to do nothing about it?

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