See Central Bank of Ireland communication here and the ECB guidance here. 30. Ibid. 31. Lane, Philp. R., Interview with Il Sole 24 Ore, 11 June 2020. ©2021 Central Bank of Ireland  https://www.centralbank.ie/news/article/speeche-risks-resilience-and-policy-responses-to-covid-19-sharon-donnery-17-jun-20  7/7
A Slowdown in Growth An important rationale for a spontaneous slowing -- that is, one occurring without further Fed tightening -- is that the pattern of consistent upside surprises across aggregate demand components over 1997 is unlikely to be repeated. In this case, the explanation for the faster-thanexpected growth over 1997 provides a rationale for a slowdown over 1998.