Oireachtas Joint and Select Committees

Thursday, 28 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Patrick Neary:

I think this, this is very much ... this constructive ... constructive ambiguity, I think, is a concept that's used very much by central banks and is traditionally associated with them. And is ... it's that ... you'd ... essentially, it means that you don't show your hand or declare your intentions, that you want to be seen to give every bit of help short of assistance, and maintain that kind of opaque position in relation to any actions you might take. That's my understanding of constructive ambiguity.

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