Category: Global Watch

Global Watch May 2025

The new US administration’s trade policy has resulted in heightened uncertainty and declining consumer and business sentiment, while also denting investor confidence in US assets. Increased tariffs will result in lower growth and higher inflation in the US, and will dampen growth in the Euro area and UK economies. The Fed is likely to stay […]

Global Watch January 2025

The Fed and ECB both lowered interest rates by 100bps over the second half of 2024 to 3.0% and 4.25%-4.5% respectively. However, while increased concern about the Euro area growth outlook means the ECB seems set to cut the deposit rate by another 100bps this year, the continuing resilience of the US economy as well […]

Global Watch September 2024

Inflation is in retreat in the main economies, with headline rates close to target, and central banks have begun to lower interest rates following the sharp tightening of monetary policy in 2022-2023. The ECB and Bank of England are among a number of central banks to have cut policy rates, while the Fed is certain […]

Global Watch May 2024

The general expectation at the start of 2024 was that the Fed would be in the early stages of easing monetary policy by this stage of the year. However relatively large monthly increases in US consumer prices over the January-March period has dented the Fed’s confidence that inflation is on a path back to 2%, […]

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  

Global Watch – October 2023

Headline inflation has fallen steadily during the course of this year, though a renewed increase in oil prices has been temporarily slowing progress recently. Download the Global Watch in full here: Bank of Ireland_Global Watch_October 2023

Global Watch – August 2023

The main central banks have raised interest rates further over the summer, with tighter policy to be a drag on economic growth. Download the Global Watch in full here: Bank of Ireland_Global Watch_August 2023    

Global Watch – May 2023

Economic activity is expanding helped by lower energy prices, but higher interest rates will be a drag on growth this year. Download the Global Watch in full here: Bank of Ireland_Global Watch_May 2023

Global Watch – March 2023

Economic activity in the opening months of this year has held up better than anticipated. Download the Global Watch in full here: Bank of Ireland_Global Watch_March 2023  

Global Watch December 2022

Global economy faltering Download the Global Watch in full here: Bank of Ireland_Global Watch_December 2022