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 lower after Fed cuts rates

11.12.2025 Daily blog

The Fed cut its policy rate by 25bps to 3.5%-3.75%, as expected, noting that “downside risks to employment appear to have risen in recent months”. There were three dissents, with one member voting for a larger 50bps cut and two voting to keep rates unchanged. Fed Chair Powell said that, with rates having been cut […]

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  • Weekly Round Up

    High frequency data points to growth in Q4

    11.12.2025

    Last week’s Q3 national accounts showed the robust position the Irish economy is in. The surge in GDP driven by exports in Q1 2025 did not fall back over the following two quarters, as many had expected, and this left GDP growth averaging 16% in the first three quarters of the year. Moreover, the domestic […]

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  • Global Watch

    Global Watch September 2025

    11.09.2025

    After a nine-month hiatus, the Fed looks set to resume lowering interest rates as it balances upside risks to inflation and downside risks to employment. We expect it to cut by 25bps this month and by a further 75bps by mid-2026. With Euro area inflation back at target and the deposit rate in broadly neutral […]

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  • Ireland Outlook

    Ireland Outlook – October 2025

    23.10.2025

    Irish GDP to grow 10.7% in 2025 We have revised up our forecasts for Irish GDP growth to 10.7% in 2025 and 3.1% in 2026 (vs 8.1% and 3.2% previously) and also for modified domestic demand to 3.4% and 2.6% respectively. This is because recent data suggest the recent surge in Irish exports has also […]

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  • Ireland Infographic

    Ireland Infographic – October 2025

    23.10.2025

    We expect GDP will expand by 10.7% in 2025 and by 3.1% in 2026. Download the Ireland Infographic here: Bank of Ireland Ireland Infographic October 2025

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  • UK Outlook

    UK Outlook – September 2025

    19.09.2025

    Moderate growth amidst fiscal challenges. We have slightly adjusted our GDP growth projections, pushing up this year to 1.3% (from 1.1%) and reducing 2026 to 1.2% (from 1.3%). The upcoming Budget will require measures to reduce the deficit, weighing a bit on activity next year. We expect growth to pick up to 1.5% in 2027 […]

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  • UK Infographic

    UK Infographic September 2025

    19.09.2025

    We expect UK GDP will increase by 1.3% this year, 1.2% in 2026 and 1.5% in 2027. Download the UK infographic in full here: Bank of Ireland UK Infographic September 2025

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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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