Irish central bank warns of ‘negative and material’ impact from Brexit

Quarterly bulletin discusses channels through which UK vote to leave EU will affect Ireland

dublin-web
Dublin, Ireland

Britain's exit from the European Union will likely have a "negative and material" impact on the Irish economy, the central bank warned in its latest quarterly bulletin, published today (July 27).

Quantifying the impact with precision is, however, difficult, it said. Analysis undertaken by the Central Bank of Ireland suggests the UK's departure from the EU will hit Ireland through a range of channels.

"The scale of this negative impact depends on the extent to which UK-EU trade, labour mobility

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