Donegal TD fears latest rise in interest rates will pile misery on struggling mortgage holders
A Donegal TD says a further hike in interest rates will push many struggling borrowers over the edge. Interest rates are expected to increase by a half of one percent when the ECB meets today. The bank has raised rates by a total of 2 percent since July,…
Donegal TD urges Banks to absorb increase in interest rates
A Donegal TD is pleading with Irish Banks not to pass the increase in interest rates on to customers. The European Central Bank announced yesterday that it was increasing interest rates by a record of 0.75 per cent. It follows a 0.5 per cent increase in July. Irish…