Oireachtas Joint and Select Committees

Wednesday, 9 October 2024

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Engagement with the Central Bank of Ireland

1:30 pm

Photo of Peadar TóibínPeadar Tóibín (Meath West, Aontú)
Link to this: Individually | In context | Oireachtas source

Cuirim fáilte roimh na finnéithe agus gabhaim buíochas leo as na cuir i láthair. There are a couple of issues. First of all, Mr. Makhlouf mentioned the potential inflationary impact of the budget and of spending yet the European Central Bank, ECB, reduced interest rates. On one level, obviously, there is too much money going into the economy according to the constraints there, but the reduction of interest rates will have the same effect, will it not?