Ged Nash
Question:36. Deputy Ged Nash asked the Minister for Finance if he has held any meetings with Irish banks about the rate of interest paid on customer deposits; and if he will make a statement on the matter. [55775/22]
View answerWednesday, 9 November 2022
Questions (36)
Written answers
I have not held meetings with Irish banks about the rate of interest paid on customer deposits.
Neither I nor the Central Bank of Ireland have a role in prescribing or the setting of deposit interest rates offered by banks. These are commercial matters and are the sole responsibility of the board and management of the banks, which must be run on an independent and commercial basis.
Although the State is a shareholder in some of the banks operating in the State, they must be run on a commercial and independent basis, and their independence in this regard is protected by the framework relationship agreements.