Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

Professor Philip Lane, the chief economist for the ECB, made the point that because it is a supply-side shock, increasing interest rates at this point in time would cause two problems. It would reduce demand and cause a problem as a result of that and there would still be supply-side pressures. Does Dr. Cassidy believe that analysis still stands today, or is that now changing because of the war in Ukraine and the impacts that will bring about?