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.

 

Sterling under some pressure

13.11.2025 Daily blog

Sterling lost some ground yesterday amid the controversy that has arisen in relation to the leadership of the UK Prime Minister, Keir Starmer. Meanwhile, data for UK GDP in Q3 published a short while ago were slightly softer than expected, keeping the pound under pressure. It is trading at around £0.8840 against the euro this […]

Read more
  • Weekly Round Up

    What to make of the rise in Ireland’s unemployment rate to 5%

    13.11.2025

    Ireland’s labour market data have been volatile of late. The CSO’s initial estimate of the unemployment rate in June was 4%, subsequently revised up to 4.6%. The latest data now point to an abrupt spike up in the unemployment rate to 5% in July, sustained through the summer. However, seasonal factors may be at play […]

    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