Caricom’s investment surveys have included enlightening chapters on regional finance, and there have been surveys by the IMF and others. In my own paper with Cherebin and Polius on regional financial systems, we included quantitative analysis of regional financial risk exposures.
We expect it to remain above 2 per cent for most of this year but our forecasts project it to settle below our 2 per cent target in 2023 and 2024. In Ireland inflation also surged in recent months, reaching 5.7 per cent (HICP) in the year to December.