Central Bank warns of risks to economy from Brexit, high debt

Central Bank warns of risks to economy from Brexit, high debt
The Central Bank

The indebtedness of Irish households remains high, leaving them vulnerable to interest rate rises, the Central Bank says

The Central has warned that the impact of Brexit on the Irish economy is likely to be "negative and material" in both the short and long-term while the indebtedness of Irish households remains high, leaving them vulnerable to rising interest rates.

The bank estimates that in the event of no trade agreement being reached between the EU and Britain, GDP in Ireland could be around three per cent...

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