Oireachtas Joint and Select Committees

Wednesday, 12 November 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Overview of Banking Sector: Permanent TSB

2:35 pm

Mr. Ger Mitchell:

I do not have the figure to hand for when it was closest. It depends on the point in time. As the Deputy knows, the ECB has dropped rates over the past number of years. At the same time, we have dropped interest rates by 119 basis points since 2012. I would need a point in the curve to give the Deputy the accurate margin.