Oireachtas Joint and Select Committees
Thursday, 28 September 2017
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Banking Sector in Ireland (Resumed): Permanent TSB and KBC Bank
9:45 am
Mr. Jeremy Masding:
By their very nature, fixed rates are priced at a point in time depending on the cost of funds that we can get to match them. Fixed rates, by definition, therefore, will fluctuate in price. I understand the Deputy's point. All I can tell him is that we run the economics to the best of our ability at a given point in time and try to ensure the products we put on the shelf are competitive.
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