Economic Research Unit

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

In addition to a daily blog and weekly update, the ERU prepares regular reports on the global, UK and Irish economies and also produces the Bank of Ireland Economic Pulse, a monthly indicator charting changes in consumer and business sentiment. Our latest publications are available for download here.

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


Euro under pressure

23.05.2018 Daily blog

The euro is under pressure this morning, having rallied to over $1.18 against the dollar at one point yesterday, trading almost a cent lower at under $1.1750 and therefore not far off this week’s low of around $1.1720. Softer than expected French PMI data released a short while ago is not helping the single currency’s cause There was some respite for Italian […]

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  • Ireland Newsflash – March 2018


    Economy grew by 7.8% in 2017; Consumer spending increased by 1.9%; Investment fell by 22.3%; Exports increased by 6.9%. Download the newsflash in full here: BOI_IRELAND_NEWFLASH_MARCH_2018  

  • UK Outlook – February 2018


    Steady as she goes for the economy: GDP growth of 1.7% in 2018; Consumer spending to slow to 1.0%; Unemployment rate to average 4.3%; Inflation elevated at 2.7%. Download the UK Outlook in full here: BOI_UK_Outlook_February_2018

  • Ireland Outlook – July 2017


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

  • Weekly Round Up 18.05.2018


    This week’s highlights: Italian bond yields jump; Euro falls to $1.1750; US 10-year yields highest since 2011; Strong employment gain in UK. Read the full Weekly Round Up below: Weekly Round Up 18 May 2018  

  • Global Watch – March 2018


    Global economy doing well but tensions at play Fears of trade war to the fore; Momentum in global activity forecast to continue; Fed to raise interest rates further; Pound to remain sensitive to Brexit negotiations. Download the Global Watch in full here: BOI_Global Watch_March_2018    

  • Emerging Markets Update – December 2017


    Favourable outlook for EMEs: Continued solid growth in China; Moody’s raise India’s debt rating; Russian central bank cuts rates; Brazilian growth accelerates. Download the Update in full here: Emerging Markets Update December 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