Business Irish

Sunday 26 February 2017

Central Bank governor Patrick Honohan to step down Newsdesk Newsdesk

Central Bank governor Patrick Honohan is expected to announce his resignation tomorrow.

Honohan is due to confirm his his plans to step down when presenting Central Bank of Ireland annual tomorrow.

A former Trinity College Dublin economics professor, Patrick Honohan has held the role as Central Bank governor since 2009.

His term was due to last seven years.

Honohan is not expected to step down immediately.

While his office remained tight lipped during the day, Government sources said that speculation about his imminent step down had been growing in the department of Finance in recent weeks.

Governor Honohan did not appear at today's Banking Inquiry hearing with Jean Claude Trichet, although both of his deputies and other senior officials were here.

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