Yesterday afternoon the Central Bank of Ireland published its financial stability review in which they said that the Irish economy had been more resilient than expected in the face of soaring inflation and interest rates.

But it also warned that inflation was still a major issue and geopolitical risks could damage the global economy. And it talked about the risks of governments trying to undo the impact of higher borrowing costs. Joe Lynam caught up with the Governor of The Central Bank Gabriel Makhlouf and began by asking whether he had been surprised by this resilience of Irish households.