Central Bank resistant to capping mortgage interest rates 

Homeowners face more hikes in repayments after the European Central Bank this week raised interest rates for the seventh time in less than a year. Picture: Denis Minihane

The Central Bank is resistant to setting a cap on mortgage interest rates that can be charged by banks.

It comes as homeowners face more hikes in repayments after the European Central Bank this week raised interest rates for the seventh time in less than a year.