Oireachtas Joint and Select Committees

Thursday, 18 December 2014

Committee of Inquiry into the Banking Crisis

Context Phase

2:55 am

Mr. Rob Wright:

No, nor vice versa. What I did not see was the integrated economic assessment. One has monetary policy; one has fiscal policy. Particularly when one has, much lower interest rates than obviously were needed for the Irish economy, an integrated view would say, "You have to hold back fiscal policy." That is the message that should have been going to the Minister from all the institutions that reported to him.

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