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Sep 21 2023, 08:10 IST/BST
Ratings and price correct at time of issue
|Company||Rating||Date||Previous Rating||Date||Closing Price|
|Bank of Ireland||OUTPERFORM||11/03/13||Neutral||14/08/12||880c|
|permanent tsb Group||OUTPERFORM||04/02/21||Neutral||06/03/19||206c|
The Central Bank Governor’s comments on the Bank Levy are entirely reasonable, in that policy should be determined over a cycle and not a particular point in time. On interest rate pass through, there is a balance that needs to be applied and where product rates are not tied to official rates, it should be expected that lags in pricing changes will occur – this is occurring in Ireland.