Dáil debates

Tuesday, 7 March 2023

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions

Mortgage Interest Rates

9:55 pm

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

I acknowledge the work of the Oireachtas Joint Committee on Finance, Public Expenditure and Reform, and Taoiseach, of which the Deputy is a member, in examining this issue and engaging with those who have direct knowledge and experience of this very important issue. I am directly engaging with the Central Bank of Ireland on this. I know the Deputy met with Central Bank officials yesterday. They are working proactively with the non-bank sector. Later this week, they will publish some additional data. It is important we get a comprehensive assessment of the overall data on the non-bank sector. As the Deputy knows, overall, there are about 716,000 principal private residence mortgages in the Irish system, of which - according to the data the Central Bank will publish this week - about 115,000 accounts are-----

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