Oireachtas Joint and Select Committees

Wednesday, 27 September 2023

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

General Banking Issues: Discussion

Dr. Ali Ugur:

I think the Deputy has the charts. There is an appendix. It is the second lowest between May 2022 and July 2023, and those data come directly from the ECB. I actually prepared those charts. What we do is take the rates in May in all jurisdictions. There is an EU average there. There is a eurozone average there as well. We take the averages from July data from the ECB data. I am not aware of Eurostat data relating to just interest rates, but those data are from the ECB. Then we take a gap. We subtract one number from the others and see how much the rates have gone up during that period. Then we rank them from highest to lowest.

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