Oireachtas Joint and Select Committees
Tuesday, 30 January 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Tracker Mortgages: Bank of Ireland
7:10 pm
John McGuinness (Carlow-Kilkenny, Fianna Fail)
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When we looked into how every bank could have done the same thing at the same time the explanation offered to us at our last meeting was that perhaps the reason was that the cost of money had affected the decision of the bank relative to trackers. That explanation was offered by a bank. The tracker issue in terms of the cost of money was the same thing.