Ireland is better placed than many of its European peers to weather economic risks from the Iran war fallout as it starts from a stronger base, Central Bank of Ireland governor Gabriel Makhlouf has said. “The main risks for Ireland actually are similar to the rest of Europe. It’s the impact on growth, the impact on inflation,” Mr Makhlouf said in an interview with Bloomberg. “The war in Iran has not fundamentally changed my views of the Irish economy,” Mr Makhlouf said. “If one thing we’ve learn from this latest crisis is, it just underlines the need to reduce our – never mind doing it for climate change reasons – reliance on fossil fuels,” Mr Makhlouf said.

Source: Irish Independent March 21, 2026 08:32 UTC