Oireachtas Joint and Select Committees

Wednesday, 9 March 2022

Committee on Budgetary Oversight

Pre-Stability Programme Update Scrutiny: Economic and Social Research Institute

Photo of Mairead FarrellMairead Farrell (Galway West, Sinn Fein) | Oireachtas source

That is very interesting. These are very difficult times and it will be interesting to see how that develops in that side of things. There is much talk about inflation as well at present. This committee has just issued its inflation report, which recognises that the underlying causes of the inflation are external and can be attributed to things such as supply chains taking time to reopen and so forth. I am conscious that an increase in interest rates is unlikely to impact on those things, but would make the cost of borrowing more expensive. What are Dr. McQuinn's thoughts on that? I should note that the reason I am reading from my telephone is that we had an IT issue and I could not print anything as I have been in meetings since.

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