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

I have put on the record my concern for these customers. I recognise that interest rates at that level can cause real problems for these borrowers, some of whom are already in arrears, while others have cleared and come out of arrears. It is very challenging for them. I acknowledge that point. That is why, as a new Minister for Finance, I have raised it directly with the Central Bank to examine what can be done within the suite of powers it has. I look forward to engaging further with it on the matter.

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