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.

 

Bond yields sharply higher

18.05.2026 Daily blog

Bond markets capitulated on Friday – with yields backing up sharply – at the end of a week that saw a renewed increase in oil prices, rising inflation in the US (consumer, producer and import price inflation all came in ahead of forecasts in April), and a hardening of central back rate hike expectations, notably […]

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  • Weekly Round Up

    Could Bank of England defy markets and keep rates on hold?

    13.05.2026

    Oil prices and events in the Middle East, are increasingly shaping market expectations for central bank policy. While markets and economists broadly agree on the ECB’s near-term trajectory—expecting two-to-three rate hikes in 2026—there is a clear divergence thereafter: economists anticipate rates will fall back toward neutral levels (~2%), whereas markets imply persistently tighter policy, the […]

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  • Global Watch

    Global Watch April 2026

    23.04.2026

    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 – April 2026

    27.04.2026

    New Irish Economic Forecasts We have revised down our forecast for Irish GDP growth to 1.6% in 2026, followed by 3.6% in 2027. A key reason is that recent data suggest temporary front-running of US tariffs last year (now unwinding) played a stronger role in the 9.7% growth of exports in 2025. However, events in […]

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  • Ireland Infographic

    Ireland Infographic – April 2026

    27.04.2026

    We expect GDP will expand by 1.6% in 2026 and 3.6% in 2027. View the Ireland Infographic Here: Bank of Ireland Ireland Infographic April 2026

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  • UK Outlook

    UK Outlook – May 2026

    18.05.2026

    Growth Outlook Deteriorates Amid Energy Shock We have reduced our growth forecasts due to the negative impact of the US-Iran conflict and higher energy prices on the UK economy. We now expect GDP growth of 0.8% this year and 1.0% next year (versus 1.1% and 1.4% previously). Inflation, which had been easing, now looks set […]

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  • UK Infographic

    UK Infographic – May 2026

    18.05.2026

    We expect that UK GDP will grow by 0.8% in 2026 and 1.0% in 2027. Download the UK Infographic in Full Here: Bank of Ireland UK Infographic May 2026

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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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