Central Bank concludes up to €2bn of budget measures 'appear to be untargeted'

The assessment by the regulator is its first on the budget and claims that many households will see their standards of living drop. 

Around €2bn of the €4.1bn measures the Government announced last week to help households and businesses with soaring energy bills appear to have been untargeted and may run the risk of adding to cost pressures, the Central Bank has said.

The assessment by the regulator is its first on the budget and were made in its latest quarterly bulletin. The report predicts the Irish economy will come through the cost-of-living crisis without plunging into recession or suffering any significant increase in unemployment, but that many households will see their standards of living drop.