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Prediction: Ireland: There is certainty on the horizon on the discount rate

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Recommendations of an expert group suggesting that there be no change to the discount rate in catastrophic injuries cases in Ireland have been accepted by the Minister for Justice. The discount rate will remain at 1% for future care costs and 1.5% for future financial loss. Work is underway on drafting regulations to officially set the discount rate at these levels, providing much needed certainty to all interested parties going forward.