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 McGrath (Cork South Central, Fianna Fail) | Oireachtas source
No, I do not accept that. The legislation places a cap on mortgage interest rates. The Senator is arguing that because of the relationship with the average rate, it may end up pushing rates up.
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