Irish Independent- Over a barrel: oil hikes will push up more than just fuel prices
| NUI GALWAY – 05/02/2018 Over a barrel: oil hikes will push up more than just fuel prices Sunday Independent (Main), 04/02/2018, p.8, Louise Mcbriide damage competitiveness and in an uncertain world with Brexit, the outcome would generally be bad.” Interest rates could also increase, according to Alan Ahearne, director of the Whitaker Institute in NUI Galway, and a former special adviser to the late Finance Minister Brian Lenihan. “If higher oil prices led to big overall increases in inflation, the ECB would have to raise interest rates – and that would be a big issue for consumers,” said Ahearne. “But we’re not in that space yet.”
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