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
Michael Noonan (Limerick City, Fine Gael) | Oireachtas source
We should deal with the fact that, from a shareholder's perspective, if measures are taken in the Oireachtas, the intent of which quite clearly is to reduce interest rates, which have a consequence of reducing the profitability of a loan book, it stands to reason that the share price will go down. Is that not the way the market works? Why is the Deputy arguing about it?
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