Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

Another issue for many customers is the prevailing rate debate, particularly in AIB where customers have been put back on a tracker rate of 3.67%. In Permanent TSB, customers have been put back on a tracker rate of 3.25%. I have looked at the documentation and think it is clear cut. The tracker rate comprises the European Central Bank, ECB, rate, which is variable and the margin is fixed at the point that the person entered into the mortgage on a tracker rate. If banks determine that those customers are entitled to go back to a tracker rate, then they are entitled to go back on the terms of the tracker mortgage that they originally had. Is that a live issue being considered by the Central Bank for both AIB, at 3.67%, and Permanent TSB, at 3.25%?