Michael Noonan (Limerick City, Fine Gael) | Oireachtas source

As I said, significant progress has been made. A number of banks have offered fixed rate products at much lower rates than the variable rate. I draw attention in particular to the new set of fixed rate offers Bank of Ireland has made and the other banks and mortgage lenders will be coming forward in due course with their proposals. I gave them time and space until 1 July and I also reminded them that I would have a second series of meetings in September. I intend to stick to that schedule.

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