Oireachtas Joint and Select Committees
Wednesday, 27 February 2019
Committee on Budgetary Oversight
Macroeconomic Analysis and Fiscal Risks: Central Bank of Ireland
Colm Brophy (Dublin South West, Fine Gael)
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Dr. Cassidy referred to a shock to income or to house prices. The global economy makes this less likely, but interest rate rises must pose a substantial risk to that cohort. Anecdotally, many people who have managed to bring their monthly finances into line because of the reduction in interest rates would be extremely vulnerable if interest rates were to rise. How do interest rate rises compare with the other factors to which Dr. Cassidy referred?