Cathal Berry (Kildare South, Independent) | Oireachtas source

We know that central banks across the world are starting to raise interest rates now. The European Central Bank, ECB, is likely to begin to move the rate next month. Traditionally, Irish retail banks have been very quick to raise interest rates for borrowers but very slow to raise them for depositors and savers. Does the Government have any plans to ensure that Irish retail banks will not make excessive profits in this new interest rate environment and that the benefits of interest rate increases will also be passed on to Irish consumers?

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