Permanent TSB chief to face Finance Committee on variable rates

Permanent TSB chief to face Finance Committee on variable rates

The issue of variable interest rates on home loans will come under the spotlight again today when another banking chief comes before the Oireachtas Finance Committee.

Permanent TSB CEO Jeremy Masding faces questions from TDs and Senators in the latest of a series of meetings on the Irish banking sector.

The bank is under pressure to pass on European Central Bank interest rate cuts to mortgage holders.

It is charging a 4.5% standard variable rate on home loans, while the ECB key rate stands at a record low of 0.05%.


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