Oireachtas Joint and Select Committees
Tuesday, 15 April 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Irish Stability Programme Update: Minister for Finance
7:55 pm
Michael Noonan (Limerick City, Fine Gael) | Oireachtas source
There is considerable speculation about the European Central Bank intervening in the markets. There is speculation that it could do that in June, for example, but I have no information beyond what I read in the financial papers as to how realistic that might be. That would obviously change the inflation figure if extra liquidity is put in and extra purchasing power is put in. It will not go printing money, but it might buy bonds that other sovereigns print.
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