Patrick Honohan: Progress and developments in relation to implementing the mortgage arrears resolution targets Speech by Mr Patrick Honohan, Governor of the Central Bank of Ireland, to the Joint Committee on Finance, Public Expenditure and Reform, Dublin, 30 April 2014. *  *  *  Accompanying data tables can be found on the Central Bank of Ireland website.
In addition, pre-election fiscal promises and coalition undertakings could fuel the strong domestic economy further if they happen in the near future. And, the big oil price rise is already increasing headline CPI, while second-round effects could drive inflation further. Oil price shocks We are addressing these inflation pressures through higher interest rates.