Leo Varadkar (Dublin West, Fine Gael) | Oireachtas source

I have discussed this with the Minister for Finance. I have an engagement once a year with the Central Bank governor. Deputy Bruton’s point is very valid. Rising interest rates should not be used by banks as an opportunity dramatically to increase their profits. If interest rate increases are passed on to mortgage holders then they should also be passed on to depositors and I am not sure that has been happening. It might be timely for us to do exactly that.

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