Economy
Income erosion and high interest rates pose risk to ‘resilient’ Irish economy - Central Bank
Rising interest rates have already had immediate effects on the commercial real estate market, and appear to be slowing the housing market in recent months, regulator warns
The effect of high interest rates, the erosion of real incomes, and slowing economic activity all pose a threat to continued growth in the Irish economy, the Central Bank warned on Wednesday.
In its latest financial stability review, the regulator said that while activity in the Republic had improved since November due to lower energy prices and a resilient domestic economy, there remains a “high degree of uncertainty” over the coming months.
Global markets remain ...