Oireachtas Joint and Select Committees

Tuesday, 6 September 2016

Committee on Budgetary Oversight

Analysis of Economic Forecasts: Central Bank of Ireland

1:00 pm

Photo of Lisa ChambersLisa Chambers (Mayo, Fianna Fail) | Oireachtas source

I have a follow-up question on that point. Mr. Flynn used the word "caution" and advised us to be cautious in our approach to dealing with this and buffering against the impact. Is that a suggestion that we should somehow not invest as much in capital and tighten up and restrict what we do or should we be doing the opposite of that? Should we be looking to capitalise on the potential benefits of this to our economy in terms of attracting greater investment?

As was pointed out by previous speakers, we have a difficulty, particularly in the capital, with office space and accommodation. What is the view of the Central Bank on what we should spend to deal with Brexit? Should we look to invest further to attract greater investment?

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