Taoiseach Simon Harris: 'I know that people are still hurting due to the cost of living. Inflation has eased, but it doesn’t mean prices are coming down or it’s any easier to make ends meet.' Photograph: Stephen Collins/Collins Photoshas held a series of meetings with banks, credit unions and other lenders to discuss mortgage interest rates, urging them to take a “responsible approach” to passing on falling interest rates to customers.
“I was keen to hold these meetings, given the importance of banking to people’s everyday lives. I know that people are still hurting due to the cost of living. Inflation has eased, but it doesn’t mean prices are coming down or it’s any easier to make ends meet.” ‘I lost five years of my life waiting for a trial’: Bláthnaid Raleigh describes pain of court delay following rape“As we enter a new phase in the interest rate cycle, I want to see people feel the benefits of reduced monthly repayments as quickly as possible. I believe monthly repayments should fall just as quickly as they rose.
The Taoiseach said the demand in the mortgage market was strong at present, adding the institutions had strongly backed the Government’s plans to build 50,000 homes per year.