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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Economic Issues: Engagement with Governor of the Central Bank of Ireland (25 Jan 2023)

Jim O'Callaghan: That is an interesting historical point by the Governor but the people who are on mortgages have no experience of those extremely high interest rates.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Economic Issues: Engagement with Governor of the Central Bank of Ireland (25 Jan 2023)

Jim O'Callaghan: We have had very low interest rates for 20 years, I would say. Is that correct?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Economic Issues: Engagement with Governor of the Central Bank of Ireland (25 Jan 2023)

Jim O'Callaghan: A bit less than that. The Governor may recall that during what he describes as the "gilt market disruption in the UK in September", there was speculation that interest rates could rise to 6%. Are we looking at anything as atrocious as that here?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Economic Issues: Engagement with Governor of the Central Bank of Ireland (25 Jan 2023)

Jim O'Callaghan: Yes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Economic Issues: Engagement with Governor of the Central Bank of Ireland (25 Jan 2023)

Jim O'Callaghan: Exactly.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Economic Issues: Engagement with Governor of the Central Bank of Ireland (25 Jan 2023)

Jim O'Callaghan: Mr. Kincaid mentioned the bank is aware of responsiveness. Is the any other mechanism by which the CBI can get more information about this?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Economic Issues: Engagement with Governor of the Central Bank of Ireland (25 Jan 2023)

Jim O'Callaghan: Okay. I move to the closure of KBC Bank and Ulster Bank. Is the CBI satisfied with the steps that have been takpuben by those licensed banks to date? Has it any persisting concerns about the closure of them and the impact on the remaining customers?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Economic Issues: Engagement with Governor of the Central Bank of Ireland (25 Jan 2023)

Jim O'Callaghan: The last time the Governor was before the committee, I asked him whether he thought crypto should be banned or whether it should be regulated. I think he agreed with the latter proposition and disagreed with the former. In light of what has happened over the past ten months or so, particularly with FTX, what is his view on crypto? Are Irish people who invest in it protected in any way?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Economic Issues: Engagement with Governor of the Central Bank of Ireland (25 Jan 2023)

Jim O'Callaghan: Feel free to do so.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Economic Issues: Engagement with Governor of the Central Bank of Ireland (25 Jan 2023)

Jim O'Callaghan: Losing a lot of money.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Economic Issues: Engagement with Governor of the Central Bank of Ireland (25 Jan 2023)

Jim O'Callaghan: If there is this lag, why is it necessary, as appears to be the case and as the Governor indicated in his statement, that at the next meeting of the ECB, interest rates will rise again? Why do we not wait for that lag, and to see the impact of the increase that has already been introduced?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Economic Issues: Engagement with Governor of the Central Bank of Ireland (25 Jan 2023)

Jim O'Callaghan: Okay. Turning to Mr. Kincaid, he was answering questions from Deputy Doherty earlier about vulture funds and how they engage with mortgage holders whose loans have been transferred over to them. Do we have any data on or mechanism for being aware of the options Mr. Kincaid seems to be indicating are being offered to people by vulture funds?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Economic Issues: Engagement with Governor of the Central Bank of Ireland (25 Jan 2023)

Jim O'Callaghan: The Central Bank has regulatory role.

Written Answers — Department of Transport, Tourism and Sport: Parking Provision (24 Jan 2023)

Jim O'Callaghan: 202. To ask the Minister for Transport, Tourism and Sport if local authorities can be instructed not to charge a parking fee for owners of electric vehicles who are charging their cars; and if he will make a statement on the matter. [2741/23]

Written Answers — Department of Finance: Business Supports (24 Jan 2023)

Jim O'Callaghan: 230. To ask the Minister for Finance the number of businesses in each county that have successfully applied for inclusion under the temporary business energy support scheme; the estimated value or worth of the support in each county in tabular form; and if he will make a statement on the matter. [2819/23]

Written Answers — Department of Housing, Planning, and Local Government: Planning Issues (24 Jan 2023)

Jim O'Callaghan: 310. To ask the Minister for Housing, Planning, and Local Government if he has the authority under the Planning and Development Act 2000 to make regulations providing that the installation of solar photovoltaic or solar thermal collector panels be a condition for planning permission to be granted for car parks; and if he will make a statement on the matter. [3159/23]

Written Answers — Department of Housing, Planning, and Local Government: Vacant Properties (24 Jan 2023)

Jim O'Callaghan: 312. To ask the Minister for Housing, Planning, and Local Government the status of the voids programme; the number of properties that have been returned to use in 2022; the estimated number that will follow in 2023; the estimated number of properties nationwide that could qualify for the programme; if it is possible to accelerate the programme without any adverse consequences for other...

Written Answers — Department of Children, Equality, Disability, Integration and Youth: Child Abuse (24 Jan 2023)

Jim O'Callaghan: 434. To ask the Minister for Children, Equality, Disability, Integration and Youth if he can request that the report into historical abuse allegations at an organisation (details supplied), recently completed, will be published; and if he will make a statement on the matter. [3018/23]

Written Answers — Department of Health: Healthcare Infrastructure Provision (24 Jan 2023)

Jim O'Callaghan: 498. To ask the Minister for Health if consideration will be given to the construction of hospitals devoted exclusively to elective-only procedures; and if he will make a statement on the matter. [2767/23]

Written Answers — Department of Health: Medicinal Products (24 Jan 2023)

Jim O'Callaghan: 499. To ask the Minister for Health if general practitioners are permitted to prescribe paxlovid for vulnerable people with Covid outside of a hospital setting and, if not, if this can be permitted; and if he will make a statement on the matter. [2768/23]

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