This news is unbelieveable so much for the ECB controlling rates .5% is a large hike...
Would it be advisable to fix now or hold of??
i don't have a problem with it. If permanent tsb feel like they need to raise rates due to higher funding costs even with the guarantee, then they should do it. If you don't want banks making these types of decisons, nationalise them and let the politicians run the banks. See how long the banks survive.
I was surprised by the economically illiterate populist drivel from SIPTU...oh, hang on, no I wasn't.
What the hell is a union doing calling on the government to interfere with a bank? Who do they think they are, the opposition?
Enda Kenny (The Leader of the Opposition) has called for the same thing.
As taxpayers, it is in our interest that the banks operate on a profitable basis. They cannot lend money to people at prices less than they pay on deposits.
So, as a taxpayer and effectively the owner of the banks, I am delighted to see them raising interest rates to more sustainable levels.
Brendan
Will someone please save us from Congress economics. According to Jack if we double everybodys wages there will be more to spend in the economy and our problems will be solved. Simple.........
Conan
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