Central bank warns state not to stoke inflation | Business Post

Mark Cassidy, director of economics and statistics at the Central Bank of Ireland: government interventions should be targeted and temporary and aimed at protecting the most vulnerable. Picture: RollingNews

The government has been warned against exacerbating the inflationary pressures building in the economy if introducing further measures to combat the effect of soaring prices. The Central Bank of Ireland last week cut its growth predictions for the year and hiked its inflation forecasts as the impact of Russia’s war in Ukraine on Irish households and businesses becomes increasingly evident.Subscribe from just €1 for the first month!

peterodwyer1 They have a cheek! They caused inflation by printing counterfeit money, debasing our currency! They were warned, but ignored it. Demand destruction, through recession, is now their preferred method of correcting their deliberate mistakes. hubris

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

‘Defensive’ attitude of Central Bank putting off fintech investors | Business PostExperts warn regulator is gaining a reputation for slow and unwieldy progress of applications
Source: businessposthq - 🏆 8. / 71 Read more »

€1.7bn children’s hospital bill to rise further over inflation | Business PostConstruction costs expected to rise again due to the impact of the Russian invasion of Ukraine obraonain FFG's magic money tree goes to their cronies. Again.
Source: businessposthq - 🏆 8. / 71 Read more »

Builders to warn of limited options to house refugees at crisis meeting | Business PostConstruction figures to push back against plans for ‘prefab villages’ for Ukrainian refugees, fearing reputational damage
Source: businessposthq - 🏆 8. / 71 Read more »