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

Fed cautious on inflation

17.08.2017 Daily blog

The dollar traded up to an intra-day high of around $1.1680 against the euro yesterday but reversed course after the release of the minutes of the Fed’s July meeting, shedding around a cent to just below $1.18 The Fed minutes noted that the recent decline in inflation in the US is likely to prove transitory and that it should move back up […]

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  • Ireland Outlook – July 2017


    Growth ahead of expectations: GDP to grow 4.8% in 2017; Employment growth 3.0%; Unemployment rate to average 6.8%; Inflation at 0.7% Download the Outlook in full here: BOI_IRELAND_OUTLOOK_JULY_2017

  • UK Outlook – July 2017


    Softer growth materialising: GDP to grow by 1.6% in 2017; Consumer spending to slow to 1.7%; Unemployment rate to average 4.6%; Inflation to rise to 2.8%. Download the UK Outlook in full here: BOI_UK_OUTLOOK_JULY_2017

  • Ireland Outlook – July 2017


    The Irish Economy: The economic outlook remains positive, albeit with some clouds on the horizon.

  • Weekly Round Up 11.08.17


    This week’s highlights: Equity markets lower on the week; Bond yields head south; Euro firmer versus dollar; US inflation 1.7% in July. Read the full Weekly Round Up below: Weekly Round Up 11 August 2017

  • The Bulletin July 2017


    The euro has appreciated further against the dollar over the past month, rising by almost 3 cents to trade at $1.17. The latest gains come after Mario Draghi, the President of the ECB, did little to push back on the currency’s rise when given an opportunity recently to do so. All else equal, its gains […]

  • Emerging Markets Update – July 2017


    IMF forecasts growth in EMEs of 4.5%: Solid growth in China; Moderating inflation in India; Russian economy growing again; Brazilian central bank cuts rates. Download the Update in full here: Emerging Market Update July 2017

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