Ireland’s debt office plans to sell between €7 billion and €11 billion worth of bonds in 2023, it said last month, with no short term treasury bill sales planned for the year. This will be the first full year under chief executive Frank O’Connor, who took over in July.
A sale this month would come against a backdrop of a looming global recession while the European Central Bank increases interest rates to combat runaway inflation. The ECB has also ended its bond-buying programme, known as quantitative easing . The ECB will need to take “further monetary policy action” to curb inflation, governing council member Joachim Nagel said on Monday.
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