Main currency pairs little changed
17.05.2024 Daily blogThe euro and sterling were mainly in consolidation mode yesterday, having gained ground against the dollar on Wednesday following the latest inflation data in the US. They are both marginally lower trading at around $1.0860 and $1.2660 respectively this morning, while the euro-sterling cross continues to trade just below 86p. Government bond yields edged a […]
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Weekly Round Up
Irish HICP inflation rate now amongst the weakest in the euro area
The news that Irish HICP inflation at 1.6% in April is now amongst the lowest in the euro area is welcome, but largely reflects that retail electricity and gas price cuts came later in Ireland than in other European countries. In contrast, services inflation rates of 4-5% point to the risks of bottlenecks and capacity […]
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Global Watch
Global Watch – January 2024
Following a much sharper than expected decline in inflation over the latter part of 2023, the market expects the main central banks to begin lowering interest rates in the second quarter of this year. Download the Global Watch in full here: Bank of Ireland_Global Watch_January 2024
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Ireland Outlook
Ireland Outlook – February 2024
Domestic economy growing despite headline GDP fall Read the Ireland Outlook in full here: Bank of Ireland Ireland Outlook February 2024
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Ireland Infographic
Ireland Infographic – February 2024
Irish GDP forecast to increase by 1.5% this year and by 4.0% next year. Download the Ireland infographic here: Bank of Ireland Ireland Infographic February 2024
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UK Outlook
UK Outlook – February 2024
With inflation set to decline further this year, economic activity is projected to pick up gradually driven by a recovery in consumer spending – with GDP growth of 0.4% for the year as a whole. Growth should strengthen further in 2025, to about 1.2% on an annual basis, while unemployment will remain relatively low this […]
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UK Infographic
UK Infographic – February 2024
GDP forecast to grow by 0.4% this year and by 1.2% in 2025 Download the UK infographic here: Bank of Ireland_UK Infographic_February 2024