Notably, after decades of large-scale, top-down federal efforts, it became increasingly apparent that a one-size-fits-all approach did not serve local communities well.
Looking to the future, we expect that the ongoing economic recovery at Irish, European and global levels - supported across the eurosystem by the accommodative monetary strategy of the European Central Bank – will be a significant driver of monetary and financial conditions in Ireland. Stronger economic performance is very welcome in terms of its positive impact on living standards and financial stability.