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 a touch weaker

28.03.2025 Daily blog

The euro and sterling are both a touch firmer against the dollar this morning, trading at around $1.0780 and $1.2940 respectively, while EURGBP is not much changed at £0.8330. The pound has performed relatively well this week – it’s ahead against both the euro and the dollar – helped by a paring back of UK […]

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  • Weekly Round Up

    Irish housing transactions see modest growth in Q1

    There are now sufficient residential transactions recorded on the Property Price Register for us to assess trends in early 2025. We estimate transaction volumes in January and February were up 3% on the year, modest growth, but merely serving to reverse the 3.5% fall in transactional activity to 61,000 in calendar year 2024. The underlying […]

  • Global Watch

    Global Watch January 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 […]

  • Ireland Outlook

    Ireland Outlook – January 2025

    Irish GDP to expand 4% in 2025 We have revised up our projections for the growth of Irish GDP (4.3%), modified domestic demand (4%) and employment (2.2%) in 2025. This reflects data for H2 2024 indicating the economy had stronger momentum than we anticipated. Also, distortions from ‘contract manufacturing’ have dissipated so GDP should rise […]

  • Ireland Infographic

    Ireland Infographic – January 2025

    We expect GDP will expand by 4.3% in 2025 and by 3.9% in 2026. Download the Ireland Infographic here: Bank of Ireland Ireland Infographic January 2025  

  • UK Outlook

    UK Outlook – January 2025

    Growth stalls despite fiscal loosening We have revised down our GDP forecast for 2024 to 0.8%, from 1.1% previously, on foot of weaker activity over recent months. With the outlook for H1 this year looking softer we have also reduced our 2025 forecast, from 1.4% to 1.2%. We expect a rebound in H2 and our […]

  • UK Infographic

    UK Infographic – January 2025

    We expect UK GDP will increase by 0.8% in 2024,  rising to 1.2% growth this year and 1.6% in 2026. Download the UK Infographic here: Bank of Ireland UK Infographic January 2025

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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