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Central Bank Governor Gabriel Makhlouf is on a two day visit to Cyprus

Makhlouf says Middle East crisis being monitored

European Central Bank policymakers are closely watching the unfolding crisis in the Middle East, policymaker Gabriel Makhlouf said today, adding that it was too early to assess the impact on economies.

Business • 24 Oct 23

The warning came in Gabriel Makhlouf's annual pre-budget letter to the Minister for Finance

Central Bank Governor warns Govt not to stoke inflation

The Governor of the Central Bank has warned the Minister for Finance that it would be counter-productive for it to make policy decisions in the budget that would stimulate demand.

Business • 23 Jun 23

Central Bank Governor Gabriel Makhlouf said it is clear that the economy here is at or near full capacity

Makhlouf warns of Budget measures impact on inflation

The Governor of the Central Bank has warned that the Government needs to think very carefully about what effect policy proposals could have on inflation as it begins to frame October's budget.

Business • 02 Jun 23

ECB's Lane says not yet time to stop rate increases

The ECB's chief economist Philip Lane has become the latest ECB executive to indicate the bank will raise rates again at its Governing Council meeting next week.

Business • 25 Apr 23

The Central Bank boss has said it is 'incredibly regrettable that leaks happen'

Central Bank chief quizzed on leaks

The chair of the Public Accounts Committee has expressed concern over a series of leaks of sensitive financial information.

Business • 20 Apr 23

Mr Makhlouf also indicated he doesn't think rates will come down again later this year

Makhlouf suggests interest rates could go beyond 3.5%

The Governor of the Central Bank has said he thinks the European Central Bank could raise interest rates above the 3.5% mark.

Business • 14 Feb 23

Central Bank Governor Gabriel Makhlouf speaking at an IIEA event today

At least 0.5% ECB rate rise needed, says Makhlouf

The Governor of the Central Bank has said he sees a 50 basis point increase in interest rates as the minimum needed at the ECB's December meeting.

Business • 05 Dec 22

The Central Bank is to increase the level of reserves banks must keep as a part of a process announced in June

ECB will increase rates again in December - Makhlouf

The Governor of the Central Bank has said the European Central Bank will increase interest rates at its meeting next month but he had "an open mind" on what scale that should be.

Business • 24 Nov 22

Gabriel Makhlouf, the Central Bank Governor, addressed a Social Justice Ireland event today

Inflation hitting vulnerable households the most

The Governor of the Central Bank Gabriel Makhlouf has said the European Central Bank expects "to raise policy rates further in order to sustainably achieve our 2% target over the medium term."

Business • 16 Nov 22

Gabriel Makhlouf, the Governor of the Central Bank

Euro zone may be facing recession but rate hikes needed

The euro zone economy may be facing a recession but rate hikes remain absolutely necessary because persistently high inflation is damaging the economy and stability, the Central Bank Governor said today.

Business • 18 Oct 22

Central Bank Governor Gabriel Makhlouf said that any relief from the energy crisis should be temporary and targeted

Energy crisis relief should be temporary, says Makhlouf

The Governor of the Central Bank has said the Government should stick within the parameters already set out for the upcoming Budget and that going beyond that could add to inflationary pressures.

Business • 14 Sep 22

Central Bank Governor Gabriel Makhlouf has written a letter to Finance Minister Paschal Donohoe

Budget should not add to inflationary pressures

Central Bank Governor Gabriel Makhlouf has urged the Minister for Finance to "limit adding to existing excess demand and inflationary pressures" in the upcoming Budget but to support the most vulnerable "through temporary and targeted supports".

Business • 12 Sep 22

Moyagh Murdock said transparency, predictability and proportionality are crucial to maintaining existing insurance providers

Insurers 'concerned' about regulatory environment

The chief executive of the insurance industry's representative body has said there are genuine concerns about the sustainability of Ireland's regulatory environment.

Business • 16 Jun 22

Central Bank's profits for 2021 soar by 59% to €1.32 billion

Central Bank's profits boosted by record level of fines

A record amount in monetary fines imposed on financial firms and individuals by the Central Bank in 2021 contributed to profits at the bank last year increasing by 59% to €1.32 billion.

Business • 30 May 22

The Central Bank Governor was speaking before the Oireachtas Committee on Finance and Public Expenditure and Reform today.

Ukraine war to have 'material impact' on economy - CB

The Governor of the Central Bank has told an Oireachtas committee that increases in consumer prices for energy and fuel "are yet to reflect in full the developments of recent weeks and the implications of the conflict in Ukraine."

Business • 30 Mar 22

The Deputy Governor of the Central Bank, Ed Sibley, is set to leave his position later this year

Central Bank Deputy Governor to leave bank this summer

The Deputy Governor of the Central Bank, Ed Sibley, is to leave the regulatory body this summer.

Business • 14 Feb 22

Central Bank Governor Gabriel Makhlouf said that inflation will fall to below 2% in 2023 and 2024

Central Bank chief warns of inflation risks

The Governor of the Central Bank has said "the prospects for Ireland's economy appear bright" but warned that the risks to inflation in Ireland remain "on the upside".

Business • 24 Jan 22

Mr Makhlouf said the bank is aware that many people are feeling the price increases experienced over the past few months

Makhlouf: Immediate action on inflation not warranted

The Governor of the Central Bank has said action should not be delayed if evidence starts to point to a need for a response to the issue of inflation earlier than expected.

Business • 23 Nov 21

The Central Bank said its review into the mortgage lending rules 'is not a signal that rules are going to be relaxed'

Bank review of mortgage rules 'serious job of work'

Central Bank Governor Gabriel Makhlouf has said the ongoing review into the bank's mortgage lending rules "is not a signal that rules are going to be relaxed."

Business • 08 Nov 21

Central Bank Governor Gabriel Makhlouf says that climate change needs action from the financial sector

Central Bank's pledge on climate change action

Central Bank Governor Gabriel Makhlouf has written to the chairs and CEOs of regulated financial companies to remind them of their obligations around climate change.

Business • 03 Nov 21

Central Bank Governor Gabriel Makhlouf said current price pressures reflect 'transitory factors that will fade out over time'

Fears of 'excessive' inflation overstated - Makhlouf

Central Bank Governor Gabriel Makhlouf said today that fears of "excessive" euro area inflation are overstated.

Business • 17 Sep 21

Central Bank Governor Gabriel Makhlouf warns that the full impact of the economic shock of the pandemic is still to come

Recovery may be 'bumpy and uneven' - Central Bank

Central Bank Governor Gabriel Makhlouf has said the recovery of the economy may be "bumpy and uneven" and that some sectors will thrive as others continue to struggle.

Business • 16 Jun 21

The Central Bank said it would pay a surplus of €665.7m to the Exchequer for 2020, down from over €2 billion paid in 2019

Central Bank reports lower financial profits for 2020

The Central Bank has reported a financial profit of €829.6m for 2020 after what it called an "extraordinary year" for the country.

Business • 02 Jun 21

Plan to put finances back on sustainable footing call

The Governor of the Central Bank has said there is a connection between the high levels of capital and high solvency ratios at Irish banks and "the fact they are still standing through one of the most severe economic crisis in decades.

Business • 16 Feb 21

Gabriel Makhlouf also said he expects to see business interruption insurance claims settled as soon as possible

Makhlouf says security of lending factor in competition

The Governor of the Central Bank has indicated that the challenge faced by lenders in repossessing properties from borrowers who aren't meeting repayments is one reason why more banks aren't entering the market here.

Business • 12 Feb 21