Oireachtas Joint and Select Committees
Tuesday, 13 May 2014
Joint Oireachtas Committee on Jobs, Enterprise and Innovation
Access to Finance for SMEs: (Resumed) ISME, IBEC and SFA
2:20 pm
Ms Sharon Higgins:
At present the price of loans in Ireland is one percentage point higher than the average in the UK and Europe. This is having an impact. There must be a demand and a competitive market environment but it would be our assumption that we will begin to see a reduction in the bank rate as the economic environment begins to start moving back into play. It has a major impact on companies that the rate is higher.
No comments