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CENTRAL BANK OFFICIALS have said it’s clear that cash is still needed and wanted by people in society.
Appearing before the Oireachtas Finance Committee today, Central Bank Governor Gabriel Makhlouf said he will work with the Department of Finance on implementing plans to increase access to cash for the public.
In January Finance Minister Michael McGrath got Cabinet approval for the ‘Access to Cash Bill’ which aims to ensure there is no further decline in the number of ATMs in towns and villages around the country.
The plan aims to restore the number of ATMs to 2022 levels, before Ulster Bank and KBC left the banking market.
The Bill requires compliance with regional criteria that set the minimum numbers of ATMs per 100,000 people, and the proportion within 10km of an ATM and a cash service point (banks or post offices).
Where there are locations within a region where particular difficulties arise in accessing cash, the Central Bank will assess such cases and, where warranted, may require designated entities to address the issue, it is understood.
The governor said the Central Bank welcomes the draft legislation on maintaining access to cash.
“We believe is an important public policy intervention. It is clear that there is a societal demand and need for cash, and the Central Bank – along with the rest of the Eurosystem – remains committed to the provision of cash,” he said.
Inflation and rates
Speaking about inflation, the governor said he would “expect to see some change” in interest rates if inflation keeps falling.
He said he is “open minded” as to where ECB interest rates will end up.
Makhlouf said the Irish economy would continue to grow in the coming years “albeit at a slower pace”.
The Central Bank deputy governor Derville Rowland was involved in a heated exchange with Sinn Féin’s Pearse Doherty over the legal loophole which has emerged which means some mortgage holders who are with vulture funds not being able to make a complaint to the financial ombudsman.
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Well that didn’t take long. New party, same old Sh!t€
“…..try and find out what happened……” Aiming high ruinua style.
After initially coming out and denying any wrong doing.FG lite showing it’s roots.
It’s OK, renua will be investigating renuas role in this serious matter.
Just like the big boys do, it’s cute.
Karl Deeter, The banks new kid from the block, I am not a fan
Renua investigating Renua, we’ll definitely get the truth about this. Just like when Putin personally investigated the Nemtsov murder
Or when Enda comments on how a Garda commissioner decided to retire….
Or KPMG investigating KPMG.
or iw compliance stats
Don’t ye just love the political system in this country.
The amount of votes that Renua got in the by election scared me. I have no faith in the electorate.
Indeed. How dare they vote for their choice of party.
And how dare I not have faith in people voting for a party I despise.
It would certainly explain the high number of votes for their candidate compared to their overall support nationwide.
FG lite same shite different names….
Ha, this is playschool stuff. Really does the guy shanahan really think people are going to believe his rubbish.
Shanahan said the endorsement was posted via his Facebook account, but “it wasn’t my decision.”
Who did it Adrian? Was it John Eardley? Was it Karl Deeter? Was it Colonel Mustard in the Library with a Candlestick? Was it John Drennan? Was it Lucinda Creighton? Was it Denis O’Brien? Was it David Quinn? Was it Paidi Manning? Maybe David Norris or the Ghost of Oscar Wilde? The suspense is killing us!
Sound like it was only him running the page. He must of been the sole administrator on the page. Hes’ now found himself caught red handed and is now saying some else had access to his account. hmmmm. I don’t believe that for one second.
It was reverse vampires.
We’re through the looking glass here people.
I would rather be beaten across the head than endorse Pat McKee. Nice chap but I’ve seen invertebrates with more backbone. I have no doubt that this was a stroke initiated by himself and his campaign team.
Good old Adrian strikes again…..
or trying to cover up!
The PDs are back with a new name and new members but its the same old right wing agenda.
Hate that.
someones in trouble now…
The Ethics Officer is likely to be Over-Ruled by the Winning-Seats officer….
I’ve been asleep for a few years and this is the first news article I’ve read in a while. Am I to assume that Bertie has retired and FF changed its name to Renua? Only thing that makes sense to me
Imagine Donald Trump setting up the Tea Party and hiring Bill O’Reilly to be their “Ethics Officer”. In Ireland.
The Tae Party
And Donald has better hair.
Is that the same as the “Judeain people’s front” and not “people’s front of Judea”, the latter which was really hated :-)
beb
have your say