#inflation

#Inflation

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<p>Bank of Ireland’s Savings and Investment Index showed concerns over inflation had reached its lowest level, with just 18% citing it as their primary concern — compared to its peak of 33% in February 2023.</p>

companies

Falling inflation drives consumer shift to saving more

Consumer attitudes towards saving changed 'dramatically' this quarter, with four in 10 people saying now is a good time to save compared to one in four in August 2023, research finds

David McNamara: British economy is stuck in stagnation

David McNamara: US Fed has roiled markets with its 'hawkish cut'

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economy

Irish consumers end 2024 on cautious note but more positive about their finances next year

High services inflation means 'gradual' rate cuts still needed, says Gabriel Makhlouf

economy

High services inflation means 'gradual' rate cuts still needed, says Gabriel Makhlouf

Rising House Prices

spotlight

'I’ve heard of landlords exploiting loopholes by increasing parking or utility fees'

Key Speakers At Danmark Nationalbank Conference

economy

Mortgage approvals for first-time buyers at record high as rates fall

The European Central Bank skyscraper in the city of Frankfurt Main, Germany

David McNamara: ECB may not cut interest rates by as much as markets anticipate next year

Incoming data will be the determining factor for the magnitude of rate cuts from central banks next year

Mon, 02 Dec, 2024

Mick Clifford: We must address threats to democracy

S Mick Clifford: We must address threats to democracy

We are lucky to enjoy democracy in Ireland. However, it faces major challenges if people feel abandoned by the State

Sat, 30 Nov, 2024

Eurozone inflation rises but it won't derail ECB rate cuts

Eurozone inflation rises but it won't derail ECB rate cuts

Inflation rises 2.3% from a year ago

Fri, 29 Nov, 2024

Lane says ECB interest rates should not remain restrictive for too long

Lane says ECB interest rates should not remain restrictive for too long

European Central Bank chief economist Philip Lane said keeping rates high would stifle economic growth

Mon, 25 Nov, 2024

Central Bank Governor: 'Premature' to assume Trump's impact on economy

Central Bank Governor: 'Premature' to assume Trump's impact on economy

'The fragmentation of the global economy did not start this year. It's unlikely to conclude next year'

Mon, 18 Nov, 2024

Cost of Living crisis

Election 2024: Cost of living — It's always the economy, stupid

The cost of living is likely to feature just as prominently as an issue in the upcoming general election as it did in the US presidential vote

Listen | Sat, 16 Nov, 2024

Michael Moynihan: When small businesses close, communities are never quite the same

S Michael Moynihan: When small businesses close, communities are never quite the same

My message to the next Dáil: When small operations which are rooted in their community close down, those communities are not quite the same afterwards, says Michael Moynihan

Listen | Thu, 14 Nov, 2024

Election 2024: Investment in third-level education 'should be a priority of next government'

Election 2024: Investment in third-level education 'should be a priority of next government'

UCC president John O'Halloran tells education correspondent JESS CASEY about his concerns about investment in third-level education — views echoed by students and academics

Listen | Mon, 11 Nov, 2024

Vulture funds are fuelling insolvency, warns practitioner who negotiated Cork publican's €58m write-off

Vulture funds are fuelling insolvency, warns practitioner who negotiated Cork publican's €58m write-off

Solicitor who successfully negotiated recent €58m debt write-off warns that funds are pursuing families stuck with ‘staggering’ mortgage repayments

Mon, 11 Nov, 2024

COLDPLAY

Entertainment bolsters subdued retail spending in Dublin

Expenditure on hotels, bars, and restaurants went up by 5.7% year-on-year

Wed, 06 Nov, 2024

Dublin office vacancy rate ticks up as prime new spaces come on stream

Dublin office vacancy rate ticks up as prime new spaces come on stream

Total space leased to date this year is 22% ahead of the same period in 2023

Mon, 04 Nov, 2024

VW ID.3 electric vehicle assembly.

Eurozone grows slightly as Germany dodges recession

Economists had predicted that growth in the Eurozone would hold steady at 0.2% but it has quickened to 0.4%

Wed, 30 Oct, 2024

FILE PHOTO: People carry bags during Christmas shopping in Hamburg

Bricks over clicks as shops come back into fashion across Europe

French sports retailer Decathlon has added about 80 shops to its network this year, taking its total number of outlets to about 1,700 globally

Mon, 28 Oct, 2024

Inflated debt ratings ‘costing African countries billions’

Inflated debt ratings ‘costing African countries billions’

Even when African countries have similar ratings to countries elsewhere, they end up paying more for debt, said former Senegalese economy minister Amadou Hott

Mon, 28 Oct, 2024

European Central Bank President Christine Lagarde Rates Decision News Conference

David McNamara: Has the ECB declared victory over inflation?

After last week's interest rate cut, ECB president Christine Lagarde said headline and core inflation were 'all heading in the same direction: downwards'

Mon, 21 Oct, 2024

Close Up Photo of Business People Hands Using Laptop Computers in Open Plan Office

Mid-sized Irish firms least concerned about economic downturn compared to global peers

Only 16% of Irish firms have concerns over geopolitical disruption compared to a global average of 43%

Mon, 21 Oct, 2024

Donald Trump

Threat of euro-dollar parity returns on talk of Trump tariffs and rate cuts

US tariffs could crimp global trade just as growth is slowing and central banks are cutting rates

Sun, 20 Oct, 2024

Calculator with wooden house and coins stack and pen on wood table. Property investment and house mortgage financial concept

Jim Power: Inflation battle has been won, but rate cuts could accelerate house prices even further

While the ECB rate cuts already delivered and those yet to come will help Irish mortgage holders, one must be concerned about the impact on the housing market

Sun, 20 Oct, 2024

Policy shouldn't make inflation fight 'more difficult', says Central Bank governor

Policy shouldn't make inflation fight 'more difficult', says Central Bank governor

Central Bank Governor Gabriel Makhlouf speaks to Ronan Smyth

Fri, 18 Oct, 2024

Lagarde: Eurozone not heading toward recession

Lagarde: Eurozone not heading toward recession

ECB president Christine Lagarde said, based on the information they have, the ECB did not believe there would be a recession across the eurozone and they were 'still looking at that soft landing'

Thu, 17 Oct, 2024

Organic Fruits and vegetables on a supermarket

Back to school spending drives up grocery sales

Spending on bread increased by €1.4m while an extra €1m was spent on frozen goods

Mon, 14 Oct, 2024

Startup numbers rise but insolvencies grow

Startup numbers rise but insolvencies grow

Galway saw 9% quarterly growth while Cork and Limerick saw contractions in start-up growth of 8% and 4% respectively.

Mon, 14 Oct, 2024

ECB set to deepen global easing with rate cut

ECB set to deepen global easing with rate cut

The bank's president, Christine Lagarde, may be quizzed both on the path forward for further cuts and on what materially changed from the September meeting

Sun, 13 Oct, 2024

DAX Market Reaction As Boris Johnson Battles to Deliver Brexit

Mortgage rates steady ahead of expected rate cut

Mortgages in Ireland remain the sixth most expensive in Europe

Fri, 11 Oct, 2024

GERMANY-EU-ECB-BANKING-INFLATION

ECB forecast to cut faster to release economic shackles next year

The expectation shift mirrors a similar recalibration by financial markets — spurred by data pointing to a shakier economy and more rapid disinflation in the 20-nation eurozone

Fri, 11 Oct, 2024

Interest rates

David McNamara: Bank of England’s muddled messaging continues

BoE governor Andrew Bailey has pivoted from cautioning against cutting interest rates too fast or by too much to saying only weeks later the bank could be 'a bit more aggressive' in cutting interest rates

Mon, 07 Oct, 2024

GERMANY-EU-ECB-BANKING-INFLATION

ECB momentum for an October rate cut is looking unstoppable

Officials judged last month that such a move would be unlikely

Wed, 02 Oct, 2024

High angle view of businessman counting money

Wage growth will overtake rate of inflation in 2025, Donohoe suspects

The minister for public expenditure says he does not believe that the €2.2bn package announced on Tuesday will 'overheat the economy'

Tue, 01 Oct, 2024

Budget 2025: Here are the things that will increase in price from midnight

Budget 2025: Here are the things that will increase in price from midnight

The Government vowed that Budget 2025 would be one that tackles cost-of-living challenges, but it comes during a month when consumers face a range of hikes across the board.

Tue, 01 Oct, 2024

A worker in a factory working on a traditional milling machine

Manufacturing contracts during September following fall in export sales

Survey also pointed to strengthening cost pressures faced by goods producers, mostly due to rising prices paid for raw materials

Tue, 01 Oct, 2024

Estate Agents Signage

House prices are up 37% on pre-covid levels

The Daft analysis shows there was a further 3% increase in house prices in the last three months

Mon, 30 Sep, 2024

Jerome Powell

John Whelan: Rate cuts in US and EU could be a double-edged sword

A higher value euro could hurt profit margins of Irish firms, many of which have signed long-term fixed price contracts with clients in the US

Sun, 29 Sep, 2024

Man using calculator and calculate bills in home office.

Consumers believe finances have worsened despite cooling inflation, survey suggests

The latest Credit Union Consumer Sentiment Index suggests the significant improvements in June and July surveys have now faded

Fri, 27 Sep, 2024

Euro banknotes

ESRI: Rising real wages to be one of the main drivers of economic growth

Domestic economy expected to grow 2.3% this year and 3.1% next year

Thu, 26 Sep, 2024

ECB sees further signs of easing wage pressures across eurozone

ECB sees further signs of easing wage pressures across eurozone

'Wage drift', or payments made to employees on top of negotiated wages, is showing signs of easing, the central bank said

Wed, 25 Sep, 2024

Man and woman hand consider on calculator

Budget 2025: Mortgage holders to get €1,250 back if tax relief scheme is extended

Finance Minister Jack Chambers is seeking to extend into 2025 the tax relief introduced by his predecessor Michael McGrath

Tue, 24 Sep, 2024

Giveaway budget could 'overheat economy' and cause inflation to spike, watchdog warns

Giveaway budget could 'overheat economy' and cause inflation to spike, watchdog warns

Parliamentary Budget Office said Government's failure to adhere to national spending rule risks 'adding more pressure to an overheating economy'

Tue, 24 Sep, 2024

Industrial engineers control the automatic arms machine welding robotics in industrial manufacturing factories.

Eurozone activity sees surprise contraction

Downturn has fuelled bets of more policy easing by the European Central Bank

Mon, 23 Sep, 2024

Jerome Powell

David McNamara: Fed pivots from inflation to growth concerns

The key takeaway from the bumper interest rate cut last week is that the Fed has decisively shifted its focus away from its inflation mandate towards the labour market and GDP growth

Mon, 23 Sep, 2024

UK interest rates

Bank of England holds interest rates steady after large Fed rate cut

The move by the US regulator raised bets on further policy easing at the ECB in October but this is still not the most likely outcome given different economic realities

Thu, 19 Sep, 2024

Jerome Powell

US Federal Reserve makes large rate cut citing 'greater confidence' on inflation

Policymakers see the Fed’s benchmark rate falling by another half a percentage point by the end of this year

Wed, 18 Sep, 2024

'No rationale' to one-off cost-of-living measures in Budget 2025

'No rationale' to one-off cost-of-living measures in Budget 2025

NERI saying that instead of once-off, untargeted, supports, Ireland needs evidence-based approach to welfare payments based on income adequacy

Wed, 18 Sep, 2024

FILE PHOTO The Central Bank has fined Bank of Ireland over €1 million for its role in the tracker mortgage controversy END

Central Bank warns housing supply needs to increase by 20,000 a year

Housing supply 'unable to meet our country’s needs' and 'limiting the sustainable growth of living standards', report says

Wed, 18 Sep, 2024

Federal Reserve Jackson Hole Economic Symposium

Eurozone yields slip as markets increase bets on Fed rate cut

Money markets fully priced 25 basis points of rate cut from the US central bank and a nearly 60% chance of a 50 bps move, from around 50% late last week, according to the CME FedWatch tool

Mon, 16 Sep, 2024