Oireachtas Joint and Select Committees
Wednesday, 25 January 2023
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Economic Issues: Engagement with Governor of the Central Bank of Ireland
Peadar Tóibín (Meath West, Aontú) | Oireachtas source
I thank Mr. Kincaid for that. I do not want to be pernickety in relation to this, but I said there is a two-tier market for interest rates. That is not mutually exclusive from everything Mr. Kincaid said afterwards. Indeed, everything he said afterwards does not disagree with that sentence. Our mortgage rate has a two-tier nature. Many people went through extraordinary difficulties after the last crash, and the fact that those people are being squeezed more by interest rates seems to be patently unfair. Is there any data on the number of people who have been able to switch from a vulture fund back to a traditional bank?
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