Oireachtas Joint and Select Committees

Wednesday, 27 February 2019

Committee on Budgetary Oversight

Macroeconomic Analysis and Fiscal Risks: Central Bank of Ireland

Photo of Colm BrophyColm Brophy (Dublin South West, Fine Gael) | Oireachtas source

Dr. Cassidy referred to a shock to income or to house prices. The global economy makes this less likely, but interest rate rises must pose a substantial risk to that cohort. Anecdotally, many people who have managed to bring their monthly finances into line because of the reduction in interest rates would be extremely vulnerable if interest rates were to rise. How do interest rate rises compare with the other factors to which Dr. Cassidy referred?

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