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Banks that ignore mortgage interest rate changes may face budget levy

The Finance Minister's giving another signal he may impose a levy in the budget on banks who don'...
Newstalk
Newstalk

19.22 23 Jun 2015


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Banks that ignore mortgage int...

Banks that ignore mortgage interest rate changes may face budget levy

Newstalk
Newstalk

19.22 23 Jun 2015


Share this article


The Finance Minister's giving another signal he may impose a levy in the budget on banks who don't cut their standard variable mortgage interest rates.

Michael Noonan gave the banks until next week to announce cuts - with current rates costing homeowners thousands extra in repayments each year.

Fianna Fáil says with only days to go the response from the banks has been underwhelming.

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Minister Noonan says he will review progress with the banks - before the budget.


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