Oireachtas Joint and Select Committees
Wednesday, 29 January 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Report on Licensed Moneylending Industry: Central Bank of Ireland
3:45 pm
Ciarán Lynch (Cork South Central, Labour)
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Firms can have the interest rates that they have been granted for a number of years until their licences come up for renewal, but at no time has the Central Bank made an intervention to reduce an interest rate that it had already granted. Am I correct in saying that?