Oireachtas Joint and Select Committees
Thursday, 18 January 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Tracker Mortgages: Central Bank of Ireland
9:30 am
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
We will have further engagement.
The delegates have been asked this question, but I want to get a clear answer. The Central Bank has not to date found any evidence that there is a corresponding problem in the case of commercial loans. I corresponded with Ms Rowland who responded. I will send on the additional information requested on an individual case. More broadly, the Central Bank has not found any issue with tracker rate commercial loans. Will the delegates be clear on that issue? I am referring to Euribor-linked loans and similar practices engaged in by banks.
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