Sterling loses more ground post BoE
06.02.2026 Daily blogThe Bank of England MPC left interest rates on hold at 3.75% yesterday, as expected. The outcome was very tight, however, with 4 of the 9 Committee members voting for a 25bps cut. Moreover, the MPC said inflation is set to return to target about a year earlier than previously expected, hence interest rates are […]
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Weekly Round Up
Bank of England signals rate cuts to come in 2026
Today’s Bank of England decision to keep rates on hold at 3.75% was in line with expectations, but the tone of the minutes and press conference was not, indicating that the Bank rate was likely to be reduced further, and dropping the reference to gradual cuts. The Bank revised down it’s projection for UK GDP […]
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Global Watch
Global Watch January 2026
The US economy has held up better than expected though employment growth has slowed and unemployment has edged up, prompting the Fed to lower interest rates over the final months of last year. We expect it to cut by a further 50bps in 2026, in line with current market pricing. We also see the Bank […]
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Ireland Outlook
Ireland Outlook – January 2026
New Irish Economic Forecasts We have revised up slightly our forecast for Irish GDP growth to 11.2% in 2025, slowing to 2.8% in 2026. This reflects the surge in exports that occurred last year, which we believe mainly reflected new pharmaceutical facilities coming online. However, a key risk is that exports fall back as ‘front-running’ […]
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Ireland Infographic
Ireland Infographic – January 2026
We expect GDP will expand by 11.2% in 2025, 2.8% this year and by 3.5% in 2027. View the Ireland Infographic Here: Bank of Ireland Ireland Infographic January 2026
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UK Outlook
UK Outlook – February 2026
Ongoing moderate growth amidst risks We have marginally downgraded our 2026 and 2027 GDP forecasts, to 1.0% (from 1.2%) and 1.4% (from 1.5%), reflecting a loss of momentum through late 2025 and ongoing challenges and risks. Unemployment is set to rise more than previously expected – reaching 5.5% this year before levelling off and beginning […]
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UK Infographic
UK Infographic – February 2026
We expect that UK GDP increased by 1.4% last year and will grow by 1.0% in 2026 and 1.4% in 2027. Download the UK Infographic in Full Here: Bank of Ireland UK Infographic February 2026