A Government plan to give all workers the right to paid sick leave has been approved by the Oireachtas Committee on Enterprise, Trade and Employment. The committee is recommending that all employees be entitled to the right of statutory sick pay to ensure workers on all forms of employment contracts receive the same protections. The…
Tag Archives: central bank
Government pandemic supports saved at least 4,500 Irish companies from going bust – an average of 50 companies every week, according to analysis by PwC which feature in a report ‘Act Now: From recovery to growth’. The author of the report said that while the businesses avoided insolvency, they will need further support to repair…
Banking staff nationwide are being trained to spot the signs of financial abuse and coercive control. The move follows research which found that over 20% of women aged 18 to 34 do not have control of their finances. The Banking & Payments Federation of Ireland says younger women also find it difficult to collect money…
The European Central Bank kept policy unchanged as expected today, curbing stimulus over the coming months but maintaining plenty of support for the economy even after inflation unexpectedly hit a fresh record high. After the ECB extended support measures only in December, policy change was not expected to be on the agenda. But stubbornly high…
The Central Bank has said the economy is expected to continue to grow strongly this year. Its latest Quarterly Bulletin forecasts growth in the domestic economy of just over 7% in 2022. However, inflation is expected to be higher for longer than previously thought, although it is expected to wane in the second half of…
The Governor of the Central Bank has said “the prospects for Ireland’s economy appear bright” but warned that the risks to inflation in Ireland remain “on the upside”. Gabriel Makhlouf made his remarks at on online webinar hosted by the Institute of Directors. On inflation, the Central Bank Governor said it is expected to remain…
The National Treasury Management Agency raised 3.5 billion euros from the sale of a new 10-year bond, a lead manager for the deal said, covering at least a quarter of its funding needs for 2022. The NTMA, like other European debt management offices, regularly raises a chunk of funds early in the year by selling…
The Central Bank has today published a revised simplified Standard Financial Statement to assist borrowers in financial distress after a review. The SFS is used by banks and lenders to gather information from distressed borrowers on their current financial situation. Once it is completed, the lender can assess whether it can offer a borrower an…
The European Central Bank is all but certain to dial back its stimulus one more notch today while pledging to keep supporting the financial system next year, sticking to its long-held view that alarmingly high inflation will abate on its own. With the euro zone’s economy now back to its pre-pandemic size, pressure is mounting…
A new report on the credit union sector by the Central Bank reveals another challenging year as credit unions continued to navigate through the impacts of Covid-19 as well as other business challenges. The Central Bank’s eighth Financial Conditions of Credit Unions Report said credit unions participated in the recovery in credit demand as Covid…