Oireachtas Joint and Select Committees

Wednesday, 29 January 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Report on Licensed Moneylending Industry: Central Bank of Ireland

3:45 pm

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour) | Oireachtas source

Firms can have the interest rates that they have been granted for a number of years until their licences come up for renewal, but at no time has the Central Bank made an intervention to reduce an interest rate that it had already granted. Am I correct in saying that?

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