Oireachtas Joint and Select Committees

Wednesday, 23 March 2022

Committee on Budgetary Oversight

Pre-Stability Programme Update Scrutiny (Resumed): Central Bank of Ireland

Dr. Mark Cassidy:

The effective rate over the entire borrowing is around 1.5%. If we were borrowing now we would be borrowing new money at less than that but the effective rate over the entire stock is 1.5%, which is very low. It is half the rate it was around four or five years ago.

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