BoE to cut rates soon?
10.05.2024 Daily blogThe Bank of England MPC left interest rates on hold at 5.25% yesterday though two of the nine members voted for an immediate quarter-point reduction, while BoE Governor Andrew Bailey opened the door to a possible (but not certain) cut in June. Sterling fell initially against the dollar and the euro, but has since more […]
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Weekly Round Up
Irish household net worth hits fresh record high of €1.1trn
The news that Irish household net worth hit a fresh record high of €1.1trn at end-2023 illustrates the enormous improvement in finances over the past fifteen years since the global financial crisis. Although the Irish household savings rate fell to 10.9% in 2023, households still accumulated €15bn of financial assets, with little evidence the pressure […]
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Global Watch
Global Watch – January 2024
Following a much sharper than expected decline in inflation over the latter part of 2023, the market expects the main central banks to begin lowering interest rates in the second quarter of this year. Download the Global Watch in full here: Bank of Ireland_Global Watch_January 2024
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Ireland Outlook
Ireland Outlook – February 2024
Domestic economy growing despite headline GDP fall Read the Ireland Outlook in full here: Bank of Ireland Ireland Outlook February 2024
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Ireland Infographic
Ireland Infographic – February 2024
Irish GDP forecast to increase by 1.5% this year and by 4.0% next year. Download the Ireland infographic here: Bank of Ireland Ireland Infographic February 2024
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UK Outlook
UK Outlook – February 2024
With inflation set to decline further this year, economic activity is projected to pick up gradually driven by a recovery in consumer spending – with GDP growth of 0.4% for the year as a whole. Growth should strengthen further in 2025, to about 1.2% on an annual basis, while unemployment will remain relatively low this […]
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UK Infographic
UK Infographic – February 2024
GDP forecast to grow by 0.4% this year and by 1.2% in 2025 Download the UK infographic here: Bank of Ireland_UK Infographic_February 2024