Oireachtas Joint and Select Committees

Tuesday, 23 January 2018

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Tracker Mortgages: Allied Irish Banks

4:00 pm

Mr. Bernard Byrne:

No. The prevailing rate is, in our view, interpreted as the rate that exists on the market at the point in time of the actual consideration. For any commodity, the prevailing rate of offer is the rate at that point in time.

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