Oireachtas Joint and Select Committees

Thursday, 30 November 2023

Public Accounts Committee

Appropriation Accounts 2022
Vote 7 - Office of the Minister for Finance
Finance Accounts 2022
Report on the Accounts of the Public Services 2022
Chapter 1 – Exchequer Financial Outturn for 2022
Chapter 2 – Reporting Ireland’s EU Transactions
Chapter 24 – Performance of the Ireland Apple Escrow Fund
Chapter 25 – Irish Fiscal Advisory Council

9:30 am

Mr. Des Carville:

Yes, but in a funny kind of way, people on the buy side in the market community are looking at the inflation data for Ireland that came out yesterday and the stuff that will be coming out from Europe in the next couple of days and trying to predict what the ECB might do in terms of rates. Are we at the peak of the interest rate cycle whereby rates will start to fall and, therefore, bank profitability will start to fall? Those are the kinds of things the buy side grapples with.