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Capacity constraints pose a risk to Irish inflation creeping up again, warns Central Bank governor
Central Bank governor Gabriel Makhlouf has warned that there is a bigger risk of inflation returning to higher levels in Ireland due to capacity constraints within the economy. Mr Makhlouf also said the nature of the monetary union means “we won’t have the means to deal with it directly”. His comments come following a decision by the European Central Bank (ECB) on Thursday to leave interest rates unchanged. The ECB won’t be meeting again until September and speculation is mounting that the regulator will cut rates again when it reconvenes. ECB president Christine Lagarde said that the Governing Council has ... (full story)
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- Posted: Jul 21, 2024 7:40am
- Submitted by:Category: Low Impact Breaking NewsComments: 0 / Views: 2,571
