Minister for Finance Michael Noonan is due to meet the Governor of the Central Bank Patrick Honohan tomorrow regarding standard variable rate mortgages.
Minister Noonan, who was responding to a Fianna Fáil Private Members motion in the Dáil tonight, said the objective of the meeting will be to discuss how best to influence the banks to reduce the standard variable rates to customers.
Fianna Fáil's Billy Kelleher said the minister needed to be strong and forceful with the Governor and impressed on him to let the view of Dáil Éireann be known.
He asked for the minister not to ask families to subsidise others with tracker mortgages.
Yesterday, Fianna Fáil called on the Government and the Central Bank to put pressure on banks to facilitate variable mortgage customers with fairer interest rates.
Tonight, Fianna Fáil Finance Spokesperson, Michael McGrath welcomed the meeting between Mr Honohan and Minister Noonan.
He said everyone was behind the minister in putting the message to Mr Honohan that deputies vocalised during Private Members over the past two days.
Deputy McGrath told the minister not to be afraid "to bang the table" and tell him that the standard variable rate mortgage holders are "the forgotten people".
However, Mr McGrath also pointed out that AIB and Bank of Ireland had made €2 billion in profit of late and said the Government's approach had been to "fatten the calf, take it to the market and to hell with the consequences".
Before the vote was called, Mr McGrath said the Central Bank had a strong role in terms of consumer protection and he asked the minister to point that out.
He wished Minister Noonan well in his meeting and said the measure of the outcome would be a cut in variable rate for 300,000 mortgage holders.