Oireachtas Joint and Select Committees
Wednesday, 20 September 2023
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Banking Issues: Central Bank
Jim O'Callaghan (Dublin Bay South, Fianna Fail) | Oireachtas source
One of the methods that politicians have for trying to respond to the impact on household incomes of higher mortgage rates is mortgage interest relief. In advance of the forthcoming budget, the Central Bank and the Irish Fiscal Advisory Council, IFAC, have issued warnings to the Government about inflationary measures.
What is the Governor's view of, or advice on, the introduction of targeted and temporary mortgage interest relief to alleviate the pressures that households are under? Does he think that would add to inflationary pressures?
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