Deal doesn't remove Brexit risks, warns Central Bank

Review shows regulator concerned that high debt levels in Irish firms could hit ability to deal with post-Brexit challenges

Central Bank to issue new tracker update in March

The Central Bank has warned that Brexit still poses a big risk to the Irish economy despitethe agreement reached between EU and British negotiators last week which included pledges to avoid a hard border on the island of Ireland.

The bank this morning published its second Macro-Financial Review of 2017, which gives an overview of the Irish financial situation and identifies potential risks to the finances of government, businesses and households.

Central Bank deputy governor Sharon Donnery said that while last week’s Brexit deal was to be welcomed, the bank had to spell outthe risks in the absence of any final deal.