Policies to 'incentivise' working past 65 need to be considered, says Central Bank chief Makhlouf

“Policies to incentivise working longer, alongside promotion of lifelong learning, need to be part of our thinking,” Central Bank of Ireland governor Gabriel Makhlouf told a UK Society of Professional Economists dinner.

Governor of the Central Bank of Ireland, Gabriel Makhlouf, said there is an 'even greater emphasis' on productivity to deliver growth.

Weak productivity, teamed with an ageing population, raises questions over the long-term growth prospects of Ireland as well as the broader EU, the governor of the Central Bank of Ireland Gabriel Makhlouf has warned.

Speaking at a dinner organised by the UK Society of Professional Economists, Mr Maklhouf pointed out that Ireland’s population is “ageing at a faster rate” than almost any other European country after having dependency rates significantly below other EU member states for decades.