Oireachtas Joint and Select Committees
Tuesday, 19 September 2023
Committee on Budgetary Oversight
Pre-Budget Engagement: Central Bank of Ireland and ESRI
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source
I do not know if the witnesses have any comment on this but on the mortgages point, and it is a Government decision, is there any reason we cannot just fix mortgage interest rates at a level that is sustainable for people? This is particularly when the Peppers of this world are lashing them up to 5%, 6% or 7%, which is crippling people. The Government has the power and should cap interest rates, especially when Irish mortgage interest rates are higher than everybody else's. That would be a good measure.
The witnesses can obviously comment on that but I will ask for comment on something else relating to the Central Bank's quarterly report. Is it only in its first quarterly report that it outlines the net household income distribution or total net household income? Is it done in quarter 1? I do not think it is in the report before us.
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