Dáil debates
Wednesday, 1 April 2015
Residential Mortgage Interest Rates: Motion (Resumed) [Private Members]
5:25 pm
Billy Kelleher (Cork North Central, Fianna Fail) | Oireachtas source
They cannot get them, but when they are negotiating, sitting around the oak tables of the banks of this country, they are being told that the cost of funds is 2%. We know, even from the evidence presented by the banks to the committee, that it is no longer 2%, but they consistently tell people who are trying to secure funding for small businesses that the cost of funds is 2%.
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