Jim O'Callaghan (Dublin Bay South, Fianna Fail) | Oireachtas source

In terms of the recent announcement by the ECB, I am conscious that Mr. Kelly is not going to comment as to whether or not that is going to be passed on to customers, and hopefully it will not be. However, if the bank is charging 4.5% as a variable rate at present, I would have thought it would be astonishing if it increased that further in light of the recent changes from the ECB.