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.

 

Euro making small gains

15.01.2025 Daily blog

The respite for the euro continued yesterday with the single currency getting back to above $1.03 to the dollar. The European currency was under sustained pressure for much of last week but has rebounded somewhat at the start of this week, now up a cent on Monday’s low of just under $1.02. There is still […]

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  • Weekly Round Up

    MyHome report shows asking prices still buoyant in Q4 2024

    09.01.2025

    This morning we have published the Bank of Ireland, MyHome report, pointing to sustained upward pressure on house prices. MyHome asking price inflation accelerated to 8.4% in Q4 2024. Also, properties are now being sold 9% above the original asking price, with one-in-seven transactions being settled at a 20% premium to asking. The market remains […]

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  • Global Watch

    Global Watch January 2025

    13.01.2025

    The Fed and ECB both lowered interest rates by 100bps over the second half of 2024 to 3.0% and 4.25%-4.5% respectively. However, while increased concern about the Euro area growth outlook means the ECB seems set to cut the deposit rate by another 100bps this year, the continuing resilience of the US economy as well […]

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  • Ireland Outlook

    Ireland Outlook – September 2024

    23.09.2024

    New Irish Economic Forecasts Once again, erratic and volatile national accounts data for Q2 2024, have led us to revise down our forecasts for the growth of both GDP (-1%) and modified domestic demand (2.3%), but tell us little on the health of the economy. In contrast, the recent rapid pace of job creation means […]

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  • Ireland Infographic

    Ireland Infographic – September 2024

    23.09.2024

    We expect GDP will contract by 1% in 2024, rebounding to 3.5% growth in 2025 and 4% in 2026. Download the Ireland Infographic here: Bank of Ireland Ireland Infographic September 2024

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  • UK Outlook

    UK Outlook – September 2024

    24.09.2024

    Improved short term outlook, longer term challenges remain We have revised up our GDP forecast for this year to 1.1%, from 0.7% previously, on foot of the robust rebound in activity in the first half of the year. Our forecasts for 2025 and 2026 are unchanged at 1.4% and 1.6%, broadly in line with the […]

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  • UK Infographic

    UK Infographic – September 2024

    24.09.2024

    We expect UK GDP will increase by 1.1% in 2024,  rising to 1.4% growth in 2025 and 1.6% in 2026. Download the UK Infographic here: Bank of Ireland UK Infographic September 2024

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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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