Makhlouf Not War


Gabrial Makhlouf, Governor of the Central Bank of Ireland, reporting to the Oireachtas Special Committee on Covid-19 Response

This morning.

Covid-19 Committee, Leinster House, Dublin 2.

On the fiscal impact of Covid-19, Gabrial Makhlouf, Governor of the Central Bank of Ireland said:

“Given the scale of uncertainty surrounding the economic outlook, last week we set out two scenarios: one – our baseline – assumes that the phased easing of the containment measures takes effect as planned; the other – a more severe scenario – assumes the current containment measures remain in place for longer because of a resurgence of the virus.

Under our baseline, consumer spending is projected to rebound in the second half of this year but to decline by 10 per cent for the year as a whole….

Under the severe scenario, GDP would fall by over 13 per cent this year and output would not recover to its pre-crisis level until 2024.”


Coronavirus in Ireland – Central Bank chief says outlook for Ireland’s economy is ‘very uncertain’ due to Covid-19 (The Irish Sun)


Gabriel Makhlouf has confirmed banks are not required under regulatory rules to charge interest on mortgage payment breaks.

This contradicts claims made by the banks in a meeting with the then Taoiseach Leo Varadker.

Central Bank governor contradicts banks on mortgage payment breaks (


8 thoughts on “Makhlouf Not War

  1. realPolithicks

    I can’t quite put my finger on the cause but this man does not fill me with a lot of confidence in his ability to do this job.

    1. Harry

      You don’t know the first thing about him or what his job entails I’d be willing to wager my friend

      1. Johnny

        I really don’t follow it,coin,chain,weed and psychedelic(mushrooms) medicine interest me so I work/invest that space.Irelands very own DOB did take a stand and has ceased all paid ads on FaceBook-so far their stock appears to be holding up,but its early days…..they even issued a statement to clarify their position for the market’s…..

        …where no one gets left behind:)

        “Everything we do across our 31 markets in the Caribbean, Central America and the Pacific is with the aim of helping to create a world where no one gets left behind. And there’s no room in that world for the promotion of hate, bigotry, racism, antisemitism and violence.”

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