Central Bank chief warns of 'harder' Brexit risk
Banks 'well capitalised but still vulnerable', says Lane
The Governor of the Central Bank has warned that Ireland is especially vulnerable to a deterioration in international financial sentiment in the coming months as the shape of a new relationship between Britain and the EU becomes clearer.
Speaking to the Institute for International and European Affairs in Dublin, Philip Lane said Brexit had not so far triggered a general decline in financial confidence, but there was a risk that this could happen if a "harder" form of Brexit emerged as the most likely outcome. He said the effect of slower British growth on Irish exporters was the main reason whythe bank lowered its Irish growth forecasts last week.
