Dáil
‹ Ceisteanna—Questions. Oral Answers. - Mortgage Interest Rates. Subsidising interest rates after EMS entry
Summary
Quinn asks whether the Government would subsidise lending rates if EMS entry fails to lower them. Barrett says he has no plans to do so.
Arising out of the Minister's reply, could he indicate to the House that, if our entry into the EMS, which hopefully will come sooner rather than later, does not produce the forecasted reduction in overall bank lending interest rates, as indicated in this House, he will take steps to subsidise interest rates as was done by the previous Government?
