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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I will revert to my question. Am I correct in believing that the Central Bank has set the maximum interest rate that can be charged for a loan regardless of the schedule? The maximum APR that can be applied in Ireland is 287%.