Oireachtas Joint and Select Committees

Wednesday, 23 March 2022

Committee on Budgetary Oversight

Pre-Stability Programme Update Scrutiny (Resumed): Central Bank of Ireland

Dr. Martin O'Brien:

Again, it depends on each individual business. Each individual sector will have different exposures, particularly to energy costs. They will also have different operating models and needs for reaching certain profitability margins, etc., to keep going. We would expect the capacity of firms to operate when their costs have been increasing would be challenging. Some firms operate in sectors where they can more easily pass on those costs to their customers while others are not in that position. We would expect there to be a little bit of an impact and it could be quite different across the different sectors.

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