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.

 

Dollar loses ground after US data

14.08.2024 Daily blog

Softer than expected US producer prices data yesterday saw bond yields fall, stocks rally and the dollar weaken, with EURUSD and GBPUSD getting up to highs of $1.10 and $1.2870 respectively. The euro remains at around $1.10 this morning but sterling has retreated to about $1.2840 following weaker than expected UK inflation data released earlier, […]

Read more
  • Weekly Round Up

    Fed to begin rate-cutting cycle in September

    09.08.2024

    Last Friday’s weaker than expected employment report in the US prompted fears of an impending recession and sparked a dramatic reaction in financial markets, with bond yields plunging, stocks selling off sharply and the dollar weakening. While these moves have been substantially reversed since, the market sees the Fed kicking off what is expected to […]

    Read more
  • Global Watch

    Global Watch May 2024

    30.05.2024

    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%, […]

    Read more
  • Ireland Outlook

    Ireland Outlook – July 2024

    03.07.2024

    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 […]

    Read more
  • Ireland Infographic

    Ireland Infographic – July 2024

    03.07.2024

    Irish economy to grow at healthy pace in 2024 Download the Ireland infographic here: Bank of Ireland Ireland Infographic July 2024

    Read more
  • UK Outlook

    UK Outlook June 2024

    27.06.2024

    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 […]

    Read more
  • UK Infographic

    UK Infographic – June 2024

    27.06.2024

    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

    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