Oireachtas Joint and Select Committees

Wednesday, 14 September 2022

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

Banking Issues: Discussion

Photo of Mairead FarrellMairead Farrell (Galway West, Sinn Fein) | Oireachtas source

Thank you. I am aware of time pressures. I would like to hear the witnesses' thoughts on an issue. It is not scientific but given the higher interest rates, there is some concern that will dampen economic activity. That could lead to falling property prices, which would be the collateral underlying these loans. Do the witnesses have any concerns in that regard?

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