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.

The ERU prepares regular reports on the global, UK and Irish economies. Our latest publications are available for download here.

If you would like to get in touch, you can contact the team on economics@boi.com.

 

Dollar slightly firmer

14.01.2026 Daily blog

While there was some volatility immediately following the release of yesterday’s inflation data in the US, the main currency pairs are really not much changed from yesterday morning’s levels albeit with a slightly firmer tone to the dollar. EURUSD and GBPUSD are trading at about $1.1650 and $1.3450 respectively this morning (both also largely unchanged […]

Read more
  • Weekly Round Up

    Bank of Ireland Card Spending up 5.7% in December

    14.01.2026

    The latest Bank of Ireland credit/debit card data show spending was up 5.7% in December, still ahead of CPI inflation at 3.2% (November), indicating real price adjusted spending growth by Irish households. The 2025 Christmas season had consumers out in force with spending in all the main categories up on December of 2024. Spending in […]

    Read more
  • Global Watch

    Global Watch September 2025

    11.09.2025

    After a nine-month hiatus, the Fed looks set to resume lowering interest rates as it balances upside risks to inflation and downside risks to employment. We expect it to cut by 25bps this month and by a further 75bps by mid-2026. With Euro area inflation back at target and the deposit rate in broadly neutral […]

    Read more
  • Ireland Outlook

    Ireland Outlook – October 2025

    23.10.2025

    Irish GDP to grow 10.7% in 2025 We have revised up our forecasts for Irish GDP growth to 10.7% in 2025 and 3.1% in 2026 (vs 8.1% and 3.2% previously) and also for modified domestic demand to 3.4% and 2.6% respectively. This is because recent data suggest the recent surge in Irish exports has also […]

    Read more
  • Ireland Infographic

    Ireland Infographic – October 2025

    23.10.2025

    We expect GDP will expand by 10.7% in 2025 and by 3.1% in 2026. Download the Ireland Infographic here: Bank of Ireland Ireland Infographic October 2025

    Read more
  • UK Outlook

    UK Outlook – September 2025

    19.09.2025

    Moderate growth amidst fiscal challenges. We have slightly adjusted our GDP growth projections, pushing up this year to 1.3% (from 1.1%) and reducing 2026 to 1.2% (from 1.3%). The upcoming Budget will require measures to reduce the deficit, weighing a bit on activity next year. We expect growth to pick up to 1.5% in 2027 […]

    Read more
  • UK Infographic

    UK Infographic September 2025

    19.09.2025

    We expect UK GDP will increase by 1.3% this year, 1.2% in 2026 and 1.5% in 2027. Download the UK infographic in full here: Bank of Ireland UK Infographic September 2025

    Read more

Meet the team

Conall Mac Coille, Group Chief Economist
Email

Michael Crowley, Senior Economist
Email

Patrick Mullane, Senior Economist
Email

Conn Creedon, Senior Economist
Email

Diane Woods, Economist/Operations Manager
Email