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 👉https://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
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