THE chair of the Oireachtas finance committee said banks who are failing to pass on interest rate hikes fast enough should be hit with increased levies.
It comes after Further and Higher Education Minister Simon Harris criticised Irish lenders as being "utter laggards" in introducing higher interest rates to people's savings deposits when compared to other countries.
Several hikes in interest rates, imposed in order to help tame inflation, are putting pressure on mortgage holders in Ireland.
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