Oireachtas Joint and Select Committees
Wednesday, 20 September 2023
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Banking Issues: Central Bank
Rose Conway-Walsh (Mayo, Sinn Fein) | Oireachtas source
I thank the witnesses for the information they provided and the ongoing assessments they give us. They are useful to us in terms of getting a picture of where things are at. Earlier this year, the Central Bank conducted the impact assessment of the shocked payment impact on the mortgage repayment increase that households would see if they moved from a 3.5% or 4.25 percentage point increase in the key lending rate. Could the bank update those figures? Do the witnesses have an update on those figures for the impact of a shock of 4.5%? I appreciate that they might not have that information here today but perhaps they could provide us with it as soon as possible.
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