Should mortgage interest rates be capped?
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People Before Profit has drafted a bill that would force the banks to charge a maximum interest rate of 3%. This comes in response to The European Central Bank raising its interest rates for the 10th meeting in a row yesterday.
Speaking to Newstalk Breakfast this morning were Paul Murphy, People Before Profit TD, and Brendan Burgess, Founder of the Consumer Forum AskAboutMoney.com and campaigner on mortgage interest rates.
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