Oireachtas Joint and Select Committees
Tuesday, 26 March 2019
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Central Bank of Ireland: Discussion
Nobody predicted and expected this. The Minister has also been quite fortunate in the interest rate environment in servicing the national debt. An argument about FDI might be that the only way to deal with having a small number of large FDI companies is to get more of them so that we are less dependent on any one of them. We are very exposed to at least ten which are contributing half of the FDI corporation tax, along with having very low interest rates. In terms of the Governor leaving this jurisdiction and heading off to the ECB, there are challenges there in regard to interest rates being as low as they are and what they might go to in the future and FDI. What would the Governor's parting thoughts be?
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