Economic Research Unit

The Economic Research Unit (ERU) provides commentary and analysis on economic and market events in Ireland, the UK, the Euro Area and US.

In addition to a daily blog, the ERU team provides weekly and monthly updates on the major economies, as well as regular reports on the Irish economy.  Our latest publications are available for download here.

If you would like to get in touch, you can contact the team on

Euro falls to 7-month low against dollar

21.10.2016 Daily blog

The euro was quite volatile against the dollar around yesterday’s ECB press conference but ultimately headed down, falling to around $1.09, its lowest level since early March this year Draghi said there are ‘no signs yet of a convincing upward trend in underlying inflation’ in the Euro area, which suggests the current QE programme (i.e. asset […]

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  • ireland

    Ireland Newsflash – September 2016


    GDP growth of 4.1% y-o-y in Q2 2016; Consumer spending increased by 1.8%, Investment rose by 21.0%, Exports gained 3.9%, Download the newsflash in full here: boi_ireland_newsflash_september_2016

  • uk

    UK Outlook – July 2016


    Weaker Economy Ahead: GDP to grow by 1.5% in 2016; Employment growth of 0.9%; Unemployment rate to average 5.3%; Inflation at 1.0% Download the UK Outlook in full here: BOI_UK Outlook July 2016

  • v
  • weekly round up

    Weekly Round Up 21.10.2016


    This week’s highlights: Euro falls below $1.09; Equity markets gain; Some respite for the £; US inflation rises to 1.5%. Read the full Weekly Round Up below: weekly-round-up-21-October-2016

  • b

    The Bulletin – September 2016


    The Fed left interest rates unchanged in September albeit 3 of the 10 members of the committee voted for an increase of 25bps, a greater degree of dissent than is usual. The committee judged that the case for a rate hike ‘has strengthened’, but decided to keep policy on hold ‘for the time being’ as it awaits […]

  • em

    Emerging Markets Update – September 2016


    OECD sees gradual improvement in EMEs: Steady growth in China; Positive outlook in India; Russian central bank cuts rates; Brazil’s recession easing. Download the Update in full here: emerging market update September-2016

Meet the team

Dr. Loretta O’Sullivan

Group Chief Economist
Bank of Ireland

+353 (0) 766 244 267

Michael Crowley, Senior Economist
+353 (0) 766 244 268

Patrick Mullane, Senior Economist
+353 (0) 766 244 269

Conn Creedon, Senior Economist
+353 (0) 766 235 134

Andrew Hopkins, Economist
+353 (0) 766 248 246