Business Post's View

Editorial: Irish banks should have seen the current row over deposits coming

Banks must also resist the urge to introduce blanket mortgage interest relief that will only fuel further inflation

Banks have been quick to pass through the higher interest rates set by the European Central Bank (ECB) to borrowers and mortgage holders, but slower to do the same on the deposit side

Not that Irish banks needed reminding, but the ongoing row over the meagre level of deposit interest rates is just the latest example of how much ill-will the Irish public still holds towards the banking industry.

Unsurprisingly, banks have been quick to pass through the higher interest rates set by the European Central Bank (ECB) to borrowers and mortgage holders but slower to do the same on the deposit side. It’s only in the last ...