The Taoiseach and Tánaiste have hit out at Bank of Ireland and Ulster Bank for refusing to cut their variable mortgage rates.
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Both lenders yesterday said they had no plans to pass on historically low ECB interest rates to their customers – despite pressure from the Finance Minister to do so.
Tánaiste Joan Burton says she’s “never known bankers to be particularly grateful people" – and that maybe it “slipped their mind” that taxpayers had re-capitalised them at the bottom of the crash.
And Taoiseach Enda Kenny says it’s “wrong” for BOI and Ulster Bank not to cut their rates.
