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
Kieran O'Donnell (Fine Gael) | Oireachtas source
I am posing a question. Could the unintended consequence of this legislation be that it might act as a barrier to prevent new mortgage providers entering the market? This could have the consequence of preventing the average mortgage rate from going down. The Deputy is talking about it going up, whereas I am talking about it going down.
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