Central Bank on lookout for unjustified 'damaging wage increases'

The bank's latest quarterly outlook is nonetheless its most upbeat since the start of the Covid-19 crisis, and confirms the Irish economy is recovering rapidly.

The Central Bank is on the lookout for “damaging wage increases” as it forecasts inflation will stay higher for longer right up to the summer months.

The bank's latest quarterly outlook is nonetheless its most upbeat since the start of the Covid-19 crisis, and confirms the Irish economy is recovering rapidly, with the Government finances in “remarkably” good shape and unemployment set to fall back to pre-pandemic levels.