Higher interest rates could lead to slower growth and expose vulnerabilities, Sharon Donnery, Deputy Governor of the Central Bank, has warned.
Speaking at the Banking & Payments Federation Retail Banking conference, Donnery said that while net interest income is on the rise for banks, so too is credit risk, as households and businesses face into these headwinds. “It is not a time for complacency,” Donnery said. “Both regulators and the sector must remain vigilant and ...
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