Central Bank of Ireland

Is the commercial property dip merely a blip?

Quite alarming statistics are emerging in relation to Dublin’s commercial property market. Is this a temporary blip, an indication of a long-term slump, or an opportunity for some lateral thinking?

Ireland’s top 1,000 companies: One hugely profitable firm out in front as Big Tech dominates

iPhone maker Apple recorded revenue of just under €200bn; while Google, Microsoft and Meta are all ranked in the top five

Bright outlook but with some turbulence ahead for Irish economy

The Irish economy continues to perform well but there are potential speed bumps ahead

Savers stuck with low interest rates for seventh consecutive month

Average interest rate offered on overnight deposit accounts a mere 0.13% in July, Central Bank figures show

Lobbying register expanded to include 60 more public bodies

HSE, Central Bank, Department of Defence and Road Safety Authority among organisations now covered

ECB and Central Bank officials to brief Irish finance firms on digital euro

ECB to decide next year on the potential issuing of a digital currency

Shuttle gets Central Bank authorisation to offer retail investors access to private market investments

Alternative investment platform aims to open up private assets

Madness for Central Bank to allow credit unions increase their exposure to housing market

It is hard to see the Garda credit union evicting a member of the force and selling their home.

Loans issued for home purchase fall 6% over past year as borrowers await ECB rate cuts

Average interest rate charged on new fixed-term mortgages falls after ECB cut in June

How to give yourself the best chance of buying a home amid Ireland’s housing crisis

Get your ducks in a row early to give yourself the best chance of buying a house you can afford

Number of people receiving benefits drops in July, CSO data shows

Pace of employment growth has slowed and labour market conditions remain tight, according to Central Bank

Banks’ profit surge on higher rates may mask challenges, Central Bank warns

While the higher interest rate environment has led to improved profitability in recent years, it has not made bank business models any more sustainable, Sharon Donnery said

Irish inflation unchanged in July at 1.5% as food and energy prices remain stable

Transport prices, including air fares, jumped by 2% in July alone and by 5.9% over the past year

Car insurers should prove they are passing reduced claims costs on to motorists, says Sinn Féin’s Doherty

Car insurance premiums have increased by more than 8% in the past year, CSO figures show

How many times does Ireland have to be warned about shadow banking?

The tentacles of shadow banking extend into the Irish economy in many ways yet we remain complacent

Number of home buyers opting for fixed-rate mortgages drops

Central Bank’s latest retail interest rate figures show fixed-rate contracts constitued two thirds of mortgage contracts agreed in May

Irish wage growth hits 4.3% in June

The study from Indeed and the Central Bank of Ireland shows wages remain higher than the pre-pandemic average of 2.5 per cent in 2019

Bumper €8.3bn tax and spending package earmarked for Budget 2025

Summer Economic Statement indicates tax measures amounting to €1.4 billion will be in October’s budget with additional spending of €6.9 billion

Central Bank governor urges Chambers to stick to budget spending rule Government has repeatedly broken

Gabriel Makhlouf urges Government against giveaway budget

Aer Lingus leases aircraft and crews to help counter work to rule by pilots

The best news, analysis and comment from The Irish Times business desk

Who is buying a home in Ireland today? The changing profile of first-time buyers

First-time buyers are getting older, buying smaller homes and are not necessarily in a couple. Some urban areas other than Dublin are seeing relatively low activity

Motor insurance premiums unchanged in first half of 2023 even as damage costs soared

Central Bank report suggests cases are settled faster through Injuries Resolution Board than litigation route

Central banks a proven weapon in fight against rising prices

Monetary policy alone cannot deliver growth and prosperity. Any brighter economic future needs input from policymakers and governments

Chambers faces balancing act in first budget

The models suggest no need for a giveaway budget. Will the new finance minister listen?

Giveaway budget risks overheating the Irish economy – Central Bank warns

The best news, analysis and comment from The Irish Times business desk

Central Bank tells Government directly to change budgetary stance

Financial regulator warns Coalition it would not be appropriate to continue with an expansionary fiscal stance over the period 2024-2026

Central Bank warns Government against pre-election budget giveaway

Generous budget measures, over and above the Government’s 5 per cent spending rule, could trigger overheating dynamics, regulator says

Crypto.com clears Irish anti money-laundering regulatory hurdle

Singapore-based crypto asset exchange has received VASP authorisation from the Central Bank

From crisis-era mandarin to State’s first directly-elected mayor, who is John Moran?

The former lawyer, banker and at one time the State’s most recognisable civil servant has been elected the country’s first directly-elected mayor in Limerick

Consumers plan for summer as spending on gardens and bikes increases

Total value of card payments edges up 0.4% to €8.2bn even though number of transactions is down, Central Bank says

Bank of Ireland reprimanded for misleading and confusing savings ads

Lender also accepts radio ad failed to meet Consumer Protection Code standards on accuracy and clarity

Central Bank chief wants lenders to ‘respond’ to ECB rate cut

Gabriel Makhlouf reiterates that ECB has not decided on future interest rate reductions

Monzo’s Irish plans already in train

UK neobank heavily engaged with Irish regulators in effort to secure authorisation to operate here

WeWork opens for business at One Central Plaza

Central Bank’s former Dame Street headquarter office gets new lease of life as flexible workspace giant finally takes over

Central Bank deputy governor Donnery to leave for ECB role

Sharon Donnery to leave Central Bank of Ireland later this year

Central Bank’s decision to ease mortgage rules has fanned house prices, ESRI report concludes

In highly critical review, ESRI describes regulator’s move to ease its borrowing rules for first-time buyers as ‘premature’

Irish inflation unexpectedly rises to 1.9%, CSO says

Latest flash estimate for the harmonised index of consumer prices (HICP) shows prices rose by 0.5 per cent during May

Office downturn hits Central Bank as campus building sheds €157m in value

Factors including the end of super profits at the bank have helped push it to a €132.1 million loss, according to its latest annual report

Mortgage arrears in danger of spiking even as ECB starts to cut its rates

Thousands of homeowners are seeing low fixed rates expire, and mortgage arrears could begin to spike

ECB holds ‘retreat’ in Kilkenny before expected June rate cut

Governing council members are expected to unofficially discuss the future pace of rate cuts

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