News Charlie Weston

Saturday 10 December 2016

Variable rate bill is vital - despite Central Bank's discomfort

Published 18/05/2016 | 02:30

Central Bank Governor Philip Lane. Photo: PA
Central Bank Governor Philip Lane. Photo: PA

One can just imagine the panicky phone calls that are being made this week from Frankfurt to the Dame Street headquarters of the Central Bank.

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"The Irish parliament is set to vote in legislation to regulate mortgage rates? Did we not see this Bill off a few months ago?

"And did we not tell your little parliamentarians and your Minister for Finance that you are not to get those powers?"

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