Oireachtas Joint and Select Committees

Thursday, 21 September 2017

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

Banking Sector in Ireland: Bank of Ireland

9:30 am

Photo of Rose Conway WalshRose Conway Walsh (Sinn Fein) | Oireachtas source

They are all covered internally. I want to ask about credit card charges and credit card interest rates. Is that something the bank has examined in terms of the average credit card rate? Why are the reductions in lending never reflected in the credit card rate? What is the gap between the official cash rate and the credit card rate? Can Mr. McLoughlin comment on that?

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