The finance minister will put pressure on bank chiefs to cut variable mortgage rates in a series of meetings this week.
Michael Noonan is expected to publish a report by the Central Bank comparing each of the banks variable rates with the rest of the market on Thursday.
Today Minister Noonan will meet with the chief executive of AIB David Duffy, whose bank is due to pass on rate cuts to its customers and those at EBS from next month.
Markets Editor with the Sunday Business Post, Ian Guider says most banks will probably cut rates by a quarter of a percent over the summer, but Bank of Ireland is less predictable:
