120. Deputy John Halligan asked the Minister for Finance if he has requested the banks to cut their high variable rates; the nature of their response; the reason his Department did not exert more pressure on the banks to introduce more variable rate reductions; his views that it is acceptable that some banks have reduced their fixed rates, but have left variable rates unchanged; his plans to amend regulations to stop banks overcharging for variable rate mortgages; and if he will make a statement on the matter. [33090/15]

Summary

120. Deputy John Halligan asked the Minister for Finance if he has requested the banks to cut their high variable rates; the nature of their response; the reason his Department did not exert more pressure on the banks to introduce more variable rate reductions; his views that it is acceptable that some banks have reduced their fixed rates, but have left variable rates unchanged; his plans to amend regulations to stop banks overcharging for variable rate mortgages; and if he will make a statement on the matter. [33090/15]

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• Mortgage Interest Rates

  xml · EN · 29 September 2015

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