Oireachtas Joint and Select Committees
Tuesday, 7 July 2020
Special Committee on Covid-19 Response
Impact of Covid-19: Overall Fiscal and Monetary Position
Cormac Devlin (Dún Laoghaire, Fianna Fail) | Oireachtas source
That is fine. I will turn to Mr. O'Connor quickly. The recent bond issuance at a low or negative yield is welcome. I acknowledge the work of the NTMA, only made possible with the ECB keeping the interest rates low. Mr. O'Connor mentioned that he expected interest rates to remain low for the foreseeable future, with the risk of rates increasing in the future. What consideration is being given to very long-term bonds, such as 30, 50 or 100 years, to deal with this once-in-100 year event?
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