Gabriel Makhlouf is a British economist who was made Governor of the Central Bank of Ireland in September 2019.
Have you thought about how you’ll spend your €200 electricity credit? A night away? A pizza oven for the hot summer we need to have this year? Or maybe you’re quietly terrified about the rapidly increasing cost of living ?
Central Bank of Ireland Governor Gabriel Makhlouf said he would support “earlier rather than later” action by the European Central Bank (ECB) if inflationary pressure continues to build and there is evidence a short term squeeze on prices is taking deeper root.
The letter to the minister said that while the outlook was broadly positive, and the level should be expected to plateau, there was still a great deal of uncertainty — and that the Government should be prepared for negative shocks that might see it rise again.
The head of the Financial Services Union (FSU) is calling on Central Bank Governor Gabriel Makhlouf to discuss pausing plans by both Bank of Ireland and AIB to close a number of their branches until the economy reopens.
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