Bank of Ireland gov in a MNI "exclusive" from a break fast meeting in Dublin with an accounting association earlier

  • legal, reputational challenges to QE are "fully overcome"
  • no need yet for action on Ireland commercial property
  • have very effective tools to stamp out bubble mindset
  • low interest rates mean time for good long-term investment

Honohan, who stands down from his role at the BO1 later this month declined to comment on current policy prospects or economic outlook

Meanwhile Irish CPI data just out:

  • mm -0.2% vs -0.5% prev
  • yy -0.2% vs -0.3%
  • HICP mm -0.3% vs -0.2% exp vs -0.5% prev
  • yy 0.0% vs +0.1% exp vs 0.0% prev

Outgoing Honohan - QE sends clear signal of intent