Oireachtas Joint and Select Committees

Wednesday, 30 November 2022

Committee on Budgetary Oversight

Fiscal Assessment Report: Irish Fiscal Advisory Council

Mr. Sebastian Barnes:

Some financial markets indicate that in a few years gas prices will be far lower than they are today. There is a lot of uncertainty about this, but it may lead to much lower inflation or even deflation in the years ahead. We do not know, but it is a possibility that needs to be factored into policy.