'These difficulties won't go away in a month': Donohoe rules out inflation interventions

Finance Minister Paschal Donohoe says Ireland 'cannot pretend that it can control mortgage interest rates'. Picture: Leah Farrell/RollingNews.ie

Ireland cannot "pretend that it can control mortgage interest rates", the finance minister has said.

Paschal Donohoe was speaking in response to a Labour bill that seeks to cap the rate on variable mortgages, a move he said was not possible.