Central Bank warns inflation still too high
The Central Bank's annual report has shown that the rate of inflation in this country is running at 4.5%, which is still too high, according to its governor,
Maurice O'Connell.
Mr O'Connell said the rate is still beyond the norm for a state in the euro zone and has warned against complacency over the issue.
Growth for this year is predicted to be 6% of GNP, which the Bank warns is not sustainable in the medium term.
This also represents a drop from previous forecasts, which is attributed to the downturn in the US economy and the fallout from foot-and-mouth.
