Oireachtas Joint and Select Committees
Wednesday, 18 February 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Mr. Marco Buti:
In regard to monetary policy-making, we looked at the behaviour of inflation. Inflation for most of the period was slightly above the European average but in a country still in a catch up phase, this is normal. In terms of the overall responsibilities for monetary policy, that rests with the ECB and not with the Commission.