The Central Bank has issued its Financial Stability Review,
The Governor of the Central Bank has warned the post-pandemic recovery will be 'uneven and bumpy' across sectors.
Gabriel Makhlouf was speaking at the launch of it's Financial Stability Review, which predicts the true shock of the crisis will be revealed when Government supports end.
Today we have published our first Financial Stability Review of 2021 which assesses the key risks facing the financial system, and the resilience of the economy and financial system to adverse shocks. Read more šhttps://t.co/rPuypgnyaw [1/4] pic.twitter.com/kUHlp4AzbQ
— Central Bank of Ireland (@centralbank_ie) June 16, 2021
He also says its a priority that lenders continue to 'play their part' in managing the fallout of the pandemic.
Mr Makhlouf has asked them to keep coming to arrangements with recovering business by restructuring or showing restraint on their loans.
Government supports have cushioned the impact of the shock on households and businesses, but the full extent of borrower distress will only become apparent as supports unwind [3/4] pic.twitter.com/Gng5Rkriqa
— Central Bank of Ireland (@centralbank_ie) June 16, 2021
Met Ćireann Announces Heatwave For Ireland This Week
Manhunt Underway In The US After Politician And Her Husband Were Shot And Killed In Minnesota
Kildare Now Under A Status Yellow Thunderstorm Warning
A Man Has Been Arrested In The UK Over Two Fatal Shootings In Spain
Irish Citizens Released After Detention By Egyptian Authorities
Lucan TD Suggests Parental Fines And PlayStation Seizures To Tackle Youth Antisocial Behaviour
Businessman Arrested In Connection To Disappearance Of Annie McCarrick Released Without Charge
BREAKING: Shalom Nursing Home In Kilcock No Longer Under Consideration For Refugee Housing
