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.

 

Upheaval in Euro area bond markets

02.10.2026 Daily blog

There was a flight to the ‘safety’ of German bonds yesterday amid a sell-off in French and Italian bond markets, with yields in the latter spiking higher and spreads over Germany widening out sharply. European equity markets also came under pressure, underperforming the US by some distance, while the euro lost ground across the board, […]

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  • Weekly Round Up

    Bank of England and ECB highlight market curve may overstate likely pace of future rate hikes

    Expectations that central banks will be forced into a series of rate hikes have hardened over the past week. The deteriorating prospects for the conflict in the Middle East being resolved, pushing Brent oil prices above $100pb, has been the clear catalyst, bolstered by rate hikes and the hawkish messages emanating from the Bank of […]

  • Global Watch

    Global Watch September 2026

    The collapse of the ceasefire agreed between the US and Iran in June has triggered a renewed rise in global energy prices. This in turn has re-ignited inflation concerns, resulting in a marked firming of central bank rate hike expectations and a surge in bond yields. The Fed and ECB both raised rates this month, […]

  • Ireland Outlook

    Ireland Outlook – September 2026

    New Irish Economic Forecasts We have revised up our forecast for Irish GDP to a shallower 1.2% fall in 2026 – still contracting as the surge in exports last year has unwound, but followed by 3.1% growth in 2027. HICP inflation is now expected to rise to 4% in the final months of 2026, averaging […]

  • Ireland Infographic

    Ireland Infographic – September 2026

    We expect GDP will contract by 1.2% in 2026 before rebounding by 3.1% in 2027. We expect the domestic economy to expand in both years, with modified domestic demand increasing by 3.8% this year and 2.8% next year. View the Infographic in Full Here: Bank of Ireland Irish Infographic September 2026

  • UK Outlook

    UK Outlook – July 2026

    New Prime Minister, Similar Outlook We have kept our outlook unchanged for the most part, with a few slight tweaks. The economy continues to face a number of headwinds, including ongoing geopolitical tensions and high/volatile global energy prices. We expect below trend GDP growth of 0.9% this year and 1.1% next year (both upgraded by […]

  • UK Infographic

    UK Infographic – July 2026

    We expect that UK GDP will grow by 0.9% in 2026 and 1.1% in 2027. Download the UK Infographic in Full Here: Bank of Ireland UK Infographic July 2026

Meet the team

Conall Mac Coille, Group Chief Economist
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Michael Crowley, Senior Economist
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Patrick Mullane, Senior Economist
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Conn Creedon, Senior Economist
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Diane Woods, Economist/Operations Manager
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