Enda Kenny (Mayo, Fine Gael) | Oireachtas source

As already stated, I am not happy with regard to the fact that the banks have not passed on the lower interest rates from which they have benefited. There is room for more work to be done. That is why we have taken the actions to which I refer and why the Minister met directly with the Governor of the Central Bank. The Government is not in a position to direct the interest rates which should obtain. Clearly, the banks have a moral duty to pass on the lower interest rates from which they benefit.

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