Sunday 18 February 2018

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

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

Charlie Weston

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.

"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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