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
4:55 pm
Stephen Donnelly (Wicklow, Independent)
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I understand the Central Bank has the authority to react to requests for increases in interest rates. Does it have legislative power to decide, out of the blue, that a company must reduce the interest rate it charges?