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

OPEC agrees to cut oil production

29.09.2016 Daily blog

In an unexpected development, OPEC agreed to cut its oil production following yesterday’s meeting in Algiers. The range for output will be 32.5 million to 33 million barrels per day (b/d), which compares to the 33.5 million(b/d) it produced in August. The price of Brent crude has jumped by almost $2 to just shy of […]

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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 23.09.2016


    This week’s highlights: Fed keeps interest rates steady; Bond yields lower on the week; Equity markets chalk up solid gains; EUR/$ still range bound. Read the full Weekly Round Up below: weekly-round-up-23-september-2016

  • b

    The Bulletin – August 2016


    The Bank of England (BoE) has eased monetary policy in response to a weaker outlook for the UK economy following the Brexit vote in late June. It has cut interest rates by 25bps to 0.25%, reactivated its QE programme – it will purchase £70bn of assets over the coming months – and introduced a new funding scheme […]

  • em

    Emerging Markets Update – August 2016


    Asia still leading the way: Steady gowth in China; Growth of over 7% in India; Russia’s GDP falls more slowly; Brazilian economy contracts. Download the Update in full here: Emerging Markets Update August 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