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 gives up some of its recent gains

30.10.2026 Daily blog

The ECB left the deposit rate on hold at 2.5% following yesterday’s meeting, as expected. The accompanying policy statement noted that the “increased magnitude and duration of the energy shock, as well as the implications for indirect and second-round effects, are likely to drive up inflation,” and while it also said that the recent tightening […]

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  • Weekly Round Up

    UK Budget: A cautious package with slightly higher borrowing

    Chancellor Healey’s Budget aimed to balance continued fiscal consolidation with some support for households and businesses financed by targeted tax measures. Although borrowing is still expected to decline over the next couple of years, higher interest rates and associated debt service costs means that the deficit will be larger than previously projected. The budgetary plans […]

  • Global Watch

    Global Watch September 2026

    The collapse of the ceasefire agreed between the US and Iran in June has triggered a renewed rise in global energy prices. This in turn has re-ignited inflation concerns, resulting in a marked firming of central bank rate hike expectations and a surge in bond yields. The Fed and ECB both raised rates this month, […]

  • Ireland Outlook

    Ireland Outlook – September 2026

    New Irish Economic Forecasts We have revised up our forecast for Irish GDP to a shallower 1.2% fall in 2026 – still contracting as the surge in exports last year has unwound, but followed by 3.1% growth in 2027. HICP inflation is now expected to rise to 4% in the final months of 2026, averaging […]

  • Ireland Infographic

    Ireland Infographic – September 2026

    We expect GDP will contract by 1.2% in 2026 before rebounding by 3.1% in 2027. We expect the domestic economy to expand in both years, with modified domestic demand increasing by 3.8% this year and 2.8% next year. View the Infographic in Full Here: Bank of Ireland Irish Infographic September 2026

  • UK Outlook

    Growth Above Expectations, But Risks Ahead

    Since our last Outlook the economic dataflow has surprised on the upside. Consequently, we have upgraded our 2026 growth forecast to 1.5%. However, the external environment has deteriorated recently. Renewed tensions in the Gulf have pushed energy prices back up, forcing a material increase to our 2027 inflation forecast. We expect the BoE to hike […]

  • UK Infographic

    UK Infographic – October 2026

    We expect that UK GDP will grow by 1.5% in 2026 and 1.3% in 2027. Download the UK Infographic in Full Here: Bank of Ireland UK Infographic October 2026

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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