Euro drifting lower
15.10.2024 Daily blogThe euro is drifting lower ahead of the ECB’s interest rate announcement later in the week. It has dipped below the $1.09 level against the dollar, trading at about $1.0890 this morning, and has slipped to £0.8340 against sterling. The pound is marginally lower against the dollar at around $1.3050. UK labour market data released […]
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Weekly Round Up
MyHome Asking Price Inflation 7.5% in Q3 2024
The MyHome report, in association with Bank of Ireland, was published this week. Asking price inflation accelerated to 7.5% in Q3 2024, a two-year high. Perhaps ever more striking were data showing transactions in September were being settled on average 8% above the original asking price, and for one-in-seven homes, 20% or more above, illustrating […]
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Global Watch
Global Watch September 2024
Inflation is in retreat in the main economies, with headline rates close to target, and central banks have begun to lower interest rates following the sharp tightening of monetary policy in 2022-2023. The ECB and Bank of England are among a number of central banks to have cut policy rates, while the Fed is certain […]
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Ireland Outlook
Ireland Outlook – September 2024
New Irish Economic Forecasts Once again, erratic and volatile national accounts data for Q2 2024, have led us to revise down our forecasts for the growth of both GDP (-1%) and modified domestic demand (2.3%), but tell us little on the health of the economy. In contrast, the recent rapid pace of job creation means […]
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Ireland Infographic
Ireland Infographic – September 2024
We expect GDP will contract by 1% in 2024, rebounding to 3.5% growth in 2025 and 4% in 2026. Download the Ireland Infographic here: Bank of Ireland Ireland Infographic September 2024
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UK Outlook
UK Outlook – September 2024
Improved short term outlook, longer term challenges remain We have revised up our GDP forecast for this year to 1.1%, from 0.7% previously, on foot of the robust rebound in activity in the first half of the year. Our forecasts for 2025 and 2026 are unchanged at 1.4% and 1.6%, broadly in line with the […]
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UK Infographic
UK Infographic – September 2024
We expect UK GDP will increase by 1.1% in 2024, rising to 1.4% growth in 2025 and 1.6% in 2026. Download the UK Infographic here: Bank of Ireland UK Infographic September 2024