Government won't initially oppose Fianna Fáil bill to tackle mortgage rates

Concerns have been raised about the constitutionality of the proposal

17th May, 2016
The Central Bank of Ireland

This is despite concerns raised about the constitutionality of the proposal, which would give the Central Bank powers to force banks to reduce their standard variable rates (SVRs).

In a sign of the new political reality facing the minority government, Finance Minister Michael Noonan will attempt to move a motion in the Dáil this evening to send the bill back to pre-legislative scrutiny stage in the Oireachtas. But with Sinn Féin supporting the Fianna...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

Tom Maguire: Tax changes we make now could help business for years

More Business Tom Maguire 10 months ago

The Daily Briefing

The Daily Briefing