According to various sources it is understood that the Governor of the Central Bank, Patrick Honohan, will officially announce his resignation later today.
It is thought that Mr Honohan will announce he is leaving his position after he delivers the Central Bank’s annual report later this afternoon. Mr Honohan’s who has been in the position for the past seven years was not due to leave his post until 2016. However, Mr Honohan will turn 66 this year, and has subsequently decided that he will retire towards the end of this year.
Mr Honohan took office as in the Central Bank back in September 2009, and has previously worked as a Professor at Trinity College Dublin and as a Senior Advisor on financial policy at the World Bank.