The European Central Bank’s interest rate rise is ‘a hammer blow to mortgage-holders’, according to Sinn Féin.
The three main Irish banks say they won’t pass on the 0.75 per cent increase to variable and fixed rate mortgage holders, for now.
But it will be passed on to tracker mortgage holders.
Sinn Féin’s finance spokesperson, Donegal Deputy Pearse Doherty, says Irish banks are set to benefit more from this than other European banks:
