Ireland’s borrowing position remains strong as cost of borrowing to increase

NTMA Chief Executive Frank O'Connor and Minister for Finance Paschal Donohoe. Picture: Sam Boal/RollingNews.ie

The National Treasury Management Agency (NTMA) has said that Ireland's borrowing position remains strong despite the rising costs that are associated with servicing it.

In its mid-year update and 2021 annual report, the National Treasury Management Agency (NTMA) said that the average rate of the country's debt would remain near the recent low of 1.5% for 2022.