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Committee on Budgetary Oversight: Analysis of Economic Forecasts: Central Bank of Ireland (6 Sep 2016)

John Paul Phelan: Provided they are not too long.

Committee on Budgetary Oversight: Analysis of Economic Forecasts: Central Bank of Ireland (6 Sep 2016)

John Paul Phelan: Yes.

Committee on Budgetary Oversight: Analysis of Economic Forecasts: Central Bank of Ireland (6 Sep 2016)

John Paul Phelan: Please, Deputy-----

Committee on Budgetary Oversight: Analysis of Economic Forecasts: Central Bank of Ireland (6 Sep 2016)

John Paul Phelan: Deputy, we can only ask officials for advice on budgetary matters.

Committee on Budgetary Oversight: Analysis of Economic Forecasts: Central Bank of Ireland (6 Sep 2016)

John Paul Phelan: The first part of your question relates to the budget. The second part does not.

Committee on Budgetary Oversight: Analysis of Economic Forecasts: Central Bank of Ireland (6 Sep 2016)

John Paul Phelan: I do not state it is not important but we are dealing with budget 2017 and that is all.

Committee on Budgetary Oversight: Analysis of Economic Forecasts: Central Bank of Ireland (6 Sep 2016)

John Paul Phelan: It already has been put on record that this decision will not be determined one way or another in advance of budget 2017. The first part of your question is-----

Committee on Budgetary Oversight: Analysis of Economic Forecasts: Central Bank of Ireland (6 Sep 2016)

John Paul Phelan: It is a fair question; I am not trying to cut you off.

Committee on Budgetary Oversight: Analysis of Economic Forecasts: Central Bank of Ireland (6 Sep 2016)

John Paul Phelan: I thank the Deputy and call on Dr. Fagan or one of his colleagues.

Committee on Budgetary Oversight: Analysis of Economic Forecasts: Central Bank of Ireland (6 Sep 2016)

John Paul Phelan: I thank Mr. Quinn. Does the Deputy have any follow-ups to his questions?

Committee on Budgetary Oversight: Analysis of Economic Forecasts: Central Bank of Ireland (6 Sep 2016)

John Paul Phelan: Some of them probably will not be answered because they are not related to the budget.

Committee on Budgetary Oversight: Analysis of Economic Forecasts: Central Bank of Ireland (6 Sep 2016)

John Paul Phelan: In so far as Mr. Quinn can, I ask him to answer these questions.

Committee on Budgetary Oversight: Analysis of Economic Forecasts: Central Bank of Ireland (6 Sep 2016)

John Paul Phelan: If it is sent to the clerk, we could make use of it ourselves.

Committee on Budgetary Oversight: Analysis of Economic Forecasts: Central Bank of Ireland (6 Sep 2016)

John Paul Phelan: Deputy Donnelly is next.

Committee on Budgetary Oversight: Analysis of Economic Forecasts: Central Bank of Ireland (6 Sep 2016)

John Paul Phelan: The Deputy's phone is causing a risk to the recording.

Committee on Budgetary Oversight: Analysis of Economic Forecasts: Central Bank of Ireland (6 Sep 2016)

John Paul Phelan: It is somebody's phone.

Committee on Budgetary Oversight: Analysis of Economic Forecasts: Central Bank of Ireland (6 Sep 2016)

John Paul Phelan: Is that likely?

Committee on Budgetary Oversight: Analysis of Economic Forecasts: Central Bank of Ireland (6 Sep 2016)

John Paul Phelan: Does that answer all of the Deputy's questions?

Committee on Budgetary Oversight: Analysis of Economic Forecasts: Central Bank of Ireland (6 Sep 2016)

John Paul Phelan: Before we finish I have a question on inflation and the eurozone target of 2%. There have been negligible rates of inflation for quite some time and the latest figure is 0.2%. What is not being done that could be done with respect to the budget or in acting in consort with our European and eurozone colleagues to stimulate a greater level of inflation in the economy? What is the impact of...

Committee on Budgetary Oversight: Analysis of Economic Forecasts: Central Bank of Ireland (6 Sep 2016)

John Paul Phelan: Could the information be made available to us after the meeting?

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