Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

Mr. Tobin did not answer my question, which I will rephrase. Six months on from the enactment of Deputy Michael McGrath's legislation why, in his view, did the warning made on the record at that time by the Department of Finance, namely, that that Bill would lead to higher interest rates on consumers, not materialise? One could argue that interest rates have fallen. Has the Department carried out an assessment of why the Central Bank's position on that legislation, while was less radical in Mr. Tobin's view, did not materialise and the opposite happened?