Euro on the back foot
23.04.2026 Daily blogOil prices headed north yesterday notwithstanding the extension of the ceasefire – with Brent crude moving back up above $100 p/b as the situation in the Strait of Hormuz remains a mess – putting upward pressure on bond yields, while European equity markets ended lower for a third day running. The euro lost ground to […]
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Weekly Round Up
Irish HICP inflation now close to highest rate in the euro area
The news yesterday the CSO’s flash estimate of Irish HICP inflation rose to 3.6% in March was almost exactly in line with our expectations – driven up by rising petrol and diesel prices. However, Irish consumers also have the 3rd highest exposure in Europe to the 80% rise in home heating oil prices over the past month. […]
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Global Watch
Global Watch April 2026
The conflict in the Middle East has triggered a sharp rise in energy prices. Inflation will be higher and economic growth lower as a result, though to what extent will ultimately depend on how long energy supplies through the Strait of Hormuz remain disrupted. While this leaves central banks facing a difficult balancing act, the […]
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Ireland Outlook
Ireland Outlook – January 2026
New Irish Economic Forecasts We have revised up slightly our forecast for Irish GDP growth to 11.2% in 2025, slowing to 2.8% in 2026. This reflects the surge in exports that occurred last year, which we believe mainly reflected new pharmaceutical facilities coming online. However, a key risk is that exports fall back as ‘front-running’ […]
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Ireland Infographic
Ireland Infographic – January 2026
We expect GDP will expand by 11.2% in 2025, 2.8% this year and by 3.5% in 2027. View the Ireland Infographic Here: Bank of Ireland Ireland Infographic January 2026
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UK Outlook
UK Outlook – February 2026
Ongoing moderate growth amidst risks We have marginally downgraded our 2026 and 2027 GDP forecasts, to 1.0% (from 1.2%) and 1.4% (from 1.5%), reflecting a loss of momentum through late 2025 and ongoing challenges and risks. Unemployment is set to rise more than previously expected – reaching 5.5% this year before levelling off and beginning […]
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UK Infographic
UK Infographic – February 2026
We expect that UK GDP increased by 1.4% last year and will grow by 1.0% in 2026 and 1.4% in 2027. Download the UK Infographic in Full Here: Bank of Ireland UK Infographic February 2026