Tánaiste and Minister for Business Leo Varadkar has said the Republic must be prepared for a rise in interest rates that could make the State’s vast borrowing for the pandemic more expensive. He said the State is “overdue” a period of price inflation, which could be followed by higher interest rates. We need to prepare for this possibility and interest rates going up as a consequence. With so much quantitative easing, Government borrowing and low interest rates for so long, it has to be on our risk register,” he said. And talent can remote work from almost anywhere, so our cities need to be vibrant places where talent wants to live,” he said.

Source: The Irish Times March 19, 2021 00:56 UTC