Inflation in Ireland, as measured by the Harmonised Index of Consumer Prices, is estimated to have moderated to an annual rate of 4.8% in June. This comes from 5.4% in May following new figures from the Central Statistics Office show. Today’s CSO flash inflation figures show that energy prices are estimated to have increased by…
Tag Archives: central bank
Mark Kennedy & Co. have written informing readers about the recent European Central Bank (ECB) rate hike and the effects it has had. Keep reading to stay updated on current events in the banking sector. Banks to write to tracker customers following ECB rate hike The main retail banks have said they will be writing…
The government of Ireland plans to be a part of the EU-wide response to high energy prices. If this is not possible, it plans to bring forward its own measures to aid with rising costs. Read more on the upcoming tax cuts and budget plans envisioned for 2023. €11bn Budget announced due to ‘exceptionally challenging…
New rules aimed at ensuring motor and home insurance customers do not get penalised for their loyalty are to come into effect from July 1. It means that from that date it will not be possible for insurers to charge any renewing customer a premium that is higher than they would have charged a consumer…
More lenders are likely to follow the lead of ICS Mortgages in the coming weeks in raising fixed rate products, according to one treasury specialist who works with businesses on their financial planning and lending needs. John Finn, Managing Director Treasury Holdings and Founder of the Treasury Hub, said the move upwards was entirely predictable…
Euro zone finance ministers have agreed to tighten fiscal policy a little next year after three years of pumping billions into the economy due to the coronavirus pandemic, but also to be ready with more cash should the war in Ukraine make it necessary. “The fundamentals of the euro area economy are strong,” the ministers…
A new report shows that people are becoming more concerned about their jobs, paying bills and other day to day worries, but they are still saving more than before the outbreak of Covid-19. Bank of Ireland said its Savings and Investment Index made a strong recovery in the first quarter of this year, with a…
The Central Bank’s Director of Consumer Protection has said he thinks banks here “are not yet where they need to be” in preparing for Ulster Bank and KBC’s exit from the Irish market. Colm Kincaid also said the Central Bank has an “appetite to intervene” where it considers necessary to do so if it is…
The annual rate of inflation rose to 5.6% in February, according to the latest figures from the Central Statistics Office. This is the highest annual rate in almost 21 years. Today’s CSO figures show that the main contributor to inflation remains fuel and energy. Unfortunately, inflation is almost certain to climb higher because February’s figures…
The European Central Bank has scaled back its bond-buying stimulus plan in response to inflation being driven up by the war in Ukraine, while giving itself more flexibility on the timing of a potential interest rate rise this year. “The Russian invasion of Ukraine is a watershed for Europe,” the ECB said in a statement…
