Oireachtas Joint and Select Committees
Tuesday, 6 September 2016
Committee on Budgetary Oversight
Analysis of Economic Forecasts: Central Bank of Ireland
1:00 pm
John Paul Phelan (Carlow-Kilkenny, Fine Gael) | Oireachtas source
Before we finish I have a question on inflation and the eurozone target of 2%. There have been negligible rates of inflation for quite some time and the latest figure is 0.2%. What is not being done that could be done with respect to the budget or in acting in consort with our European and eurozone colleagues to stimulate a greater level of inflation in the economy? What is the impact of the reduced or negligible level of inflation in terms of economic growth and figures? I am seeking a brief overview rather than too much detail.
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