Oireachtas Joint and Select Committees
Wednesday, 16 January 2013
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Matters Relating to the Economy: Discussion with Governor of Central Bank
2:40 pm
Professor Patrick Honohan:
I regard it as very important and it has been a very high priority. I have already mentioned that the mortgage arrears issue is the primary domestic priority, but this has been the primary international priority for us.
The Deputy asked about interest rates and so forth. It is true that a significant part of the large profits reported by the Central Bank is attributable to the money that IBRC has been paying in interest.
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