The finance minister says ‘we are beginning to see signs’ that people are under pressure with their mortgages
Ireland’s banks are going to have to “stretch themselves” if homeowners are to avoid falling into mortgage arrears as a result of successive interest rate increases, Michael McGrath has said.
The Minister for Finance said there were signs that the European Central Bank’s campaign of monetary tightening was starting to put some people under “real pressure” when it comes to repayments on their mortgages.
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