No-deal Brexit will have ‘severe impact’ on Irish economy, Central Bank says

Acting governor Sharon Donnery warns of need for fiscal prudence in face of growing risks

Acting governor of the Central Bank of Ireland Sharon Donnery: important the State paid down its €200 billion national debt

Acting governor of the Central Bank of Ireland Sharon Donnery: important the State paid down its €200 billion national debt

A no-deal Brexit will have “an immediate and severe impact on almost all areas of economic activity”, the acting governor of the Central Bank of Ireland has warned.

In a pre-budget letter to the Minister for Finance, Sharon Donnery said a prudent budgetary approach was critical to ensure the economy had “sufficient resilience and policy has room to manoeuvre”.

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