Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

I refer to mortgage rates. In light of the comments of the deputy governor of the Central Bank, Ed Sibley, at the Banking and Payments Federation of Ireland conference and those of the Minister on "Morning Ireland" today, I wish to raise two key issues. The first is the massive differential between Irish rates and European norms and the second is the unfavourable treatment of existing customers compared to new customers. These are issues we have raised for some time. We have made some proposals of which the Minister not been supportive. In light of the comments of the deputy governor and the Minister's own views, does he intend to raise this issue with the Central Bank and find a way forward to improve the situation?

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