The Governor of the Central Bank of Ireland, Gabriel Makhlouf, concludes visit to Cyprus

Wednesday, 25 October 2023

The Governor of the Central Bank of Ireland, Gabriel Makhlouf, has concluded his visit to Cyprus following an invitation by Governor Constantinos Herodotou.

Economic developments and inflation in the euro area, shaped by the ever-evolving global economic landscape, and the developments in the Middle East, stood at the forefront of the discussions. The Governors shared insights, discussed economic scenarios, and exchanged ideas on potential solutions to mitigate economic challenges and fortify the resilience of their respective economies and banking sectors.

Beyond the global macroeconomic concerns, both Governors emphasized the importance of enhancing cooperation and broadening the channels for the exchange of technical knowledge and expertise between the Central Bank of Ireland and the Central Bank of Cyprus and agreed in a way forward in this area.

Governor Constantinos Herodotou, said: "Governor’s Makhlouf visit underlined the strength of our relationship. Our discussions were invaluable, providing us with new perspectives to address current challenges. We look forward to a deeper and mutually beneficial collaboration with the Central Bank of Ireland."

Governor Gabriel Makhlouf said: “It was a pleasure to visit Cyprus this week. From one island to another, I welcome our close relationship and I expect that to continue growing. I particularly enjoyed meeting with students during my visit and hope that one day we welcome some of them as colleagues in the Central Bank of Ireland.”

The Central Bank of Cyprus remains committed to fostering ties with its international counterparts through proactive dialogue, knowledge exchange, and international cooperation.