Oireachtas Joint and Select Committees

Thursday, 8 September 2016

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Rising Cost of Motor Insurance: Discussion

See the whole debate « Previous speaker Next speaker »

11:00 am

Mr. Colm Carey:

It was 3%. It had to be very liquid, so it was typically Government bonds, which usually have a 3% return. That can now be negative.

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