Oireachtas Joint and Select Committees

Thursday, 19 October 2017

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Engagement with the Central Bank of Ireland

9:30 am

Professor Philip Lane:

When we increase our staff, it is consequential. We will increase our staff to the extent needed to fulfil our mandate. In various parts of the public sector, there is a moratorium or restriction on hiring but we do not have that. We make our decision about how many staff we need. We have that independence. It is our responsibility to staff in proportion to what is needed. There has been a big increase in staff and it is ongoing. I do not think it will be forever. It is in response to the scale of the industry.

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