Saturday 17 February 2018

'I might write a book about Central Bank,' says Honohan

Patrick Honohan may end up writing a detailed account of his time at the helm of the Central Bank once he retires.

The Governor yesterday confirmed that he would be stepping down later this year - more than nine months earlier than required - as he believes it's the right time for his departure.

He said Finance Minister Michael Noonan, who was told at the beginning of April, was understanding. And he ruled out suggestions that his departure was precipitated by any personal issues or any disagreements. "Absolutely not," said Prof Honohan, who turns 66 in October.

"I'll have been in the job over six years at that stage [when he leaves]. It is a seven-year term, so I could stay on for another eight or nine months after the end of the year. But I've long been asking myself when is the best moment [to leave]. I'm not getting any younger."


Prof Honohan is widely credited with taking difficult and sometimes controversial decisions during the financial crisis - including the first official admission a bailout for Ireland was inevitable.

And he hinted yesterday that he just might write an account of his time in office once he departs.

"That will be a temptation to do that. Over the last couple of years, in speeches and in evidence to parliamentary inquiries, I have been very proactive in trying to make sure that there was a clear understanding of what happened when I was there," he said.

"But if you want a book-length treatment, you're going to have to wait until I retire. But I don't rule it out. But I may write about other things as well, even more interesting."

Irish Independent

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