Oireachtas Joint and Select Committees

Wednesday, 21 June 2023

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Investment Funds (Resumed): Irish Mortgage Holders Organisation

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein)
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Where does Mr. Byrne see this going for himself? The ECB has signalled clearly that there will be another interest rate hike in July. That is without doubt unless something dramatic happens in the financial world. There is likely to be another increase at the next meeting in September. When he hears those kinds of announcements from Christine Lagarde, what does that mean to him? The interest rate is 7.25% now so that means interest rates of-----