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Central Bank fires shot across Paschal Donohoe’s Budget bow

Richard Curran


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Central Bank Governor Gabriel Makhlouf. Picture by Vivek Prakash/Bloomberg

Central Bank Governor Gabriel Makhlouf. Picture by Vivek Prakash/Bloomberg

Central Bank Governor Gabriel Makhlouf. Picture by Vivek Prakash/Bloomberg

Central Bank chief Gabriel Makhlouf couldn’t have got his timing better when it came to publishing his pre-budget letter to finance minister Paschal Donohoe.

The letter was written at the end of July but only published last Wednesday, just 24 hours before the Government was due to announce details of its big housing plan committing to a housing spend of €4bn per year for the next four years.


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