Fed commentary weighs on dollar
03.07.2024 Daily blogSome relatively dovish Fed commentary weighed on the dollar yesterday and this is continuing this morning. The euro and sterling are trading at around $1.0760 and $1.2690 against the US currency respectively, both firmer than this time yesterday morning, while EURGBP is marginally lower at around £0.8470. US government bond yields edged down on the […]
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Weekly Round Up
Ireland is the most expensive country in the Euro Area
Recent data published by Eurostat showed that Ireland’s price level for consumer goods and services had risen to 42% higher than the EU average last year, and was the second most expensive in the entire EU, just behind Denmark (43%) and the highest in the Euro Area. While the most recent data shows that inflation […]
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Global Watch
Global Watch May 2024
The general expectation at the start of 2024 was that the Fed would be in the early stages of easing monetary policy by this stage of the year. However relatively large monthly increases in US consumer prices over the January-March period has dented the Fed’s confidence that inflation is on a path back to 2%, […]
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Ireland Outlook
Ireland Outlook – July 2024
We have revised down our forecasts for Irish GDP growth to 1.0% in 2024 (from 1.5% in our February Outlook) and to 3.9% in 2025 (from 4.0%). This downward revision reflects the multinational sector, where output continued to contract in early 2024 due to measurement distortions related to ‘contract manufacturing’. In contrast, indicators suggests the […]
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Ireland Infographic
Ireland Infographic – July 2024
Irish economy to grow at healthy pace in 2024 Download the Ireland infographic here: Bank of Ireland Ireland Infographic July 2024
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UK Outlook
UK Outlook June 2024
We have revised up our forecasts for GDP growth to 0.8% in 2024 (from 0.4% in our February Outlook) and to 1.4% in 2025 (from 1.2% previously), slightly above consensus expectations and Bank of England forecasts. We expect growth to accelerate further to 1.6% in 2026. The unemployment rate is likely to continue edging higher […]
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UK Infographic
UK Infographic – June 2024
GDP forecast to grow by 0.8% this year and by 1.4% in 2025 Download the UK infographic here: Bank of Ireland UK Infographic June 2024