Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

On 14 September, the ECB increased its interest rate by 0.5%, bringing it up to 2%. This was the third rate hike since July with further hikes expected in the coming months. This has had an immediate impact on households on tracker mortgages and could impact those on variable rate mortgages in the coming months, heaping further financial pressure on struggling households. Will the Minister and the Department consider options to introduce targeted, tailored and time-bound mortgage interest relief to support those households in the context of the sharp and sudden hikes in mortgage interest repayments?

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