Search Results for 'Monetary policy'

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Inflation reaches record highs but will the ECB raise interest rates?

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Inflation figures released by the Central Statistics Office yesterday reveal that Irish inflation hit a record high. Prices on average, as measured by the Consumer Price Index (CPI), were 5.5 percent higher in December compared with December 2020. This is the largest annual change in prices since June 2001 when annual inflation was 5.3 percent. This increase in Irish inflation is mirrored in the euro area. The Harmonised Index of Consumer Prices (HICP) – the European Central Bank’s (ECB) preferred measurement of inflation - stood at 5 percent in December 2021 according to Eurostat’s flash estimate, which was the highest level recorded since the euro was introduced in 1999.

US President transition now in motion as possible easing of Covid-19 restrictions awaits

I am sure that many of you have heard the name of Edmund Davis. I had not heard of him until I read it somewhere last week. He was the Governor of Texas who lost the election in 1873. He refused to accept the result, and he barricaded himself in the State Capital, where he and his allies accessed entry each day by ladders. I had thought that that was the way Donald Trump was going to deal with Joe Biden.

Favourable COVID-19 figures allow for further easing of restrictions

As figures pertaining to the suppression of COVID-19 within County Westmeath continue to prove favourable, with an increase of just one confirmed case this past week (671 as of midnight on June 6), the Roadmap to Recovery for Business and Society has been positively amended with July 20 now the culmination date for the reopening of the country.

ECB to leave interest rates unchanged today

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Get set for health in 2017

After all the excess of Christmas, the new year can be a good time to take stock of your lifestyle. Instead of cutting things out, why not think about what you can do more of to improve your health and wellbeing.

Consumers look to save more

Almost 70 per cent of financial brokers believe there is an increased appetite for saving and investing among consumers, according to a new nationwide survey of financial brokers.

Pass on the interest rate cut, lobby groups tell banks

Business lobby groups have welcomed the .5 per cent reduction in interest rates announced on Wednesday by the European Central Bank (ECB) and have demanded that the full benefit be passed on immediately by the banks.

Bank chiefs put a date on the start of the turnaround

The recovery of the spiralling economy will comence inside the next 15 months, it was stated this week, with business leaders relieved that at last a date has been set for the turnaround.

 

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