Oireachtas Joint and Select Committees
Tuesday, 26 September 2017
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Banking Sector in Ireland (Resumed): Allied Irish Banks
4:00 pm
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
Surely, in this case, the prevailing rate is the prevailing margin. That is the only issue here. The bank cannot influence the ECB rate. The prevailing rate is a certain margin above the ECB rate. Surely the prevailing rate would be the ECB rate plus the prevailing margin that applies to tracker rates.
No comments