Seanad debates

Tuesday, 26 May 2015

2:30 pm

Photo of Feargal QuinnFeargal Quinn (Independent) | Oireachtas source

I propose an amendment to the Order of Business, that No. 15 be taken before No. 1. The Minister for Finance met the banks this week and we have not heard from him exactly what came out of that meeting. We should have the Minister in the House very shortly to tell us the outcome in regard to variable mortgage rates. The Bank of Ireland has said it has no intention of reducing its rate, yet the Minister has given us the impression that he convinced it or had made a case that had been accepted. We would like to have the position clarified. The only one who can answer that is the Minister for Finance, Deputy Noonan. I would like to see him come to the House and I urge the Leader to encourage him to come here very shortly.

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