The Central Bank forecasts inflation will average at 5.4 per cent this year, but will decline to 3.2 per cent and 2.3 per cent in 2025
Increased spending risks creating inflationary pressures and feeding overheating risks, a senior Central Bank of Ireland official has warned.
Robert Kelly, director of economics and statistics, described public finances as being “broadly in a healthy position”. But he warned of potential overheating risks within the Irish economy and described Ireland’s export- oriented economy as sensitive to external factors. Kelly was speaking as he appeared alongside colleagues before the Oireachtas Committee for Budgetary Oversight on Tuesday ...
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