That Would Be A Commercial Matter

at

90294045It’s non-variable.

Asked whether Minister for Finance Michael Noonan (above)  had any comment on whether banks should pass on the rate cut to standard variable rate customers, his spokesman indicated he would not be intervening.
“This is purely a commercial matter for the banks,” the spokesman said.

Right so.

Banks not to pass on ECB rate cut to variable mortgages (Conor Pope, Irish Times)

 

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