Philip R Lane: The "Culture Report" and the macro financial outlook Introductory statement by Mr Philip R Lane, Governor of the Central Bank of Ireland, before the Joint Oireachtas (National Parliament) Committee on Finance, Public Expenditure and Reform, and Taoiseach (Head of Parliament), Dublin, 4 October 2018.
This deficit will be financed by capital and financial inflows as has been the case in the last few years. We are taking a cautious view on private capital flows. We will monitor the current account and the deficit to ensure its sustainability. But so far, most imports have been inputs and machinery equipment – so signalling firm growth and expansion in the future.