Increased mortgage interest rates could help “contain” or bring down house prices in Ireland, Tánaiste Leo Varadkar has suggested.
He made the comments just hours before the European Central Bank (ECB) is expected to raise rates by 0.75%. The hikes are being introduced in a bid to curb inflation, which is currently running at 8.2% in Ireland.
The move could affect thousands of Irish mortgage holders and add several hundred euro each month to repayments.
