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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