Donegal Deputy welcomes Central Bank move on variable interest rates

 

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The Central Bank has moved to force banks to provide more information regarding their variable interest rate.

It is hoped the move will help homeowners and families obtain lower rates and better deals.

Donegal Deputy Pearse Doherty says while it’s good news, it is only part of an overall solution.

He says its important now to observe how this change is implemented and how banks respond: