Oireachtas Joint and Select Committees
Thursday, 1 November 2012
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Discussion with Bank of Ireland
12:20 pm
Mr. Liam McLoughlin:
The nature and background of the letter relates to research we did with customers on ECB rates in the coming years and they are an important element of a tracker rate. The feedback from customers was that ECB rates would increase in the next five years. As Mr. Boucher said, we are trying to ascertain customer interest in fixed-rates to protect against an increase in ECB rates.
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