Oireachtas Joint and Select Committees

Wednesday, 24 November 2021

Committee on Budgetary Oversight

Inflation: Discussion (resumed)

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein)
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That rate has not been achieved in the past decade, since the financial crash, at European level.

Given the recent price changes arising from the pandemic - and in light of Mr. Makhlouf's views on the causes of same - and their transitionary nature and the negative impact that would be caused by a premature and reactionary increase in interest rates, and mindful that he holds not just the position of Governor of the Central Bank but also a position on the ECB board, will Mr. Makhlouf outline his position on ECB monetary policy and what would be necessary for him to support or argue for an increase in the interest rate?