Central Bank: Inflation and high interest rates could expose vulnerabilities in economy 

The Central Bank expects household financial stresses to rise modestly but many are proving resilient in the face of high inflation so far. 

Governor of the Central Bank of Ireland Gabriel Makhlouf. Photograph: Leah Farrell / RollingNews.ie

Persistently high inflation eating into incomes along with high interest rates and economic slowdowns have all been identified by the Central Bank as risks to the Irish economy.

According to its latest Financial Stability Review published on Wednesday, the Irish economy has proven resilient, despite global economic issues, with domestic growth forecasts improving compared to late last year.