Oireachtas Joint and Select Committees
Thursday, 20 October 2016
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Central Bank (Variable Rate Mortgages) Bill 2016: Discussion
10:00 am
Rose Conway Walsh (Sinn Fein) | Oireachtas source
So one is stuck. With regard to quantitative easing, I have grave concerns about what happens when the European quantitative easing stops. I do not think that people fully understand the extent of the quantitative easing and how that has been played. It has almost been put under the radar. It is propping up the whole system which is extremely vulnerable. What does Mr. Burgess believe will happen when quantitative easing ends? It has to at some point, when the ECB rates go back to normal levels. Has Mr. Burgess carried out any assessment on what that would mean for mortgage rates?
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