FF simply asking Central Bank get power to intervene

With regard to Fianna Fáil’s bill on variable rate mortgages the following should be noted. They are not proposing that the Central Bank should intervene ( not interfere which has connotations of sticking your nose in where you shouldn’t) on the question of variable rate mortgages.

They are proposing the Central Bank should be given the power to intervene which is quite a different matter. Whether they intervened or not would be entirely at their discretion.

If we accept it was right to give the Central Bank power to set limits on the size of the mortgage a borrower could get, and we have, is the Fianna Fáil bill not consistent with this?