European Central Bank (ECB)

European Central Bank to abandon crisis-era strategy on interest rates as inflation falls

ECB chief economist Philip Lane says focus needs to be ‘driven by upcoming risks rather than being backward-looking’

Irish inflation remains at three year low as ECB gears up for more rate cuts

Food prices have risen 0.3% in November, and by 1.7% over last 12 months

Top ECB official sees little room for further interest rate cuts

Isabel Schnabel warns cutting rate further could backfire

AIB moves some bad-loan risks off balance sheet to support investor payouts

Significant risk transfer agreement sees institutional investors take on part of the risk of losses on €1bn of corporate loans in portfolio

Eurozone facing another potential debt crisis, ECB warns

Annual Financial Stability Review highlights elevated debt levels, high budget deficits and uncertainties from recent election outcomes

Mortgage holders can save up to €600 a month by switching rates

Rates favour more energy efficient homes but savings of up to €7,405 are available to many homeowners

Eurozone inflation rises to 2% in October, undermining case for big ECB rate cut

Rise in inflation follows stronger-than-expected growth data for the third quarter released on Wednesday

Light touch regulation did not work with banks and won’t work for video sharing platforms like TikTok

Coimisiún na Meán’s online safety code for video-sharing platforms contains echoes of the 2008 banking crisis

Revolut cuts interest rates for savers following ECB rate move

Digital bank which launched first savings accounts in Ireland in May reduces deposit rates to 1.7% from November 28th

The €500,000 suburban three-bed is now the house at the centre of the property price surge

This kind of house is attracting bids both from those seeking to move and from first-time buyers

ECB interest rates: Borrowers set to save more than €2,000 as series of new cuts expected

Rate cutting pattern is expected to continue until June 2025

ECB’s latest rate reduction will help borrowers but egg on house prices

Markets are already pricing in four more rate cuts between now and March

ECB rate cut: what’s in it for me?

Q&A: Latest fall in interest rates will save tracker mortgage customers €33 a month per €100,000 balance on their loan, but other borrowers may have to wait to benefit

‘We’re breaking the neck of inflation,’ says Lagarde as ECB cuts rates again

Frankfurt-based central bank trims key deposit rate by 25 basis points to 3.25 per cent

Euro zone inflation slows more than expected, paving way for ECB rate cut

Consumer price growth across the single currency bloc moderated to 1.7 per cent in September from 2.2 per cent the previous month

European shares fall as investors take cover ahead of ECB rates meeting

Irish banks out of sorts as builders trend lower

Tens of thousands of Irish mortgage holders to see immediate benefit from likely ECB rate cut

European Central Bank expected to reduce interest rates on Thursday as inflation fears replaced by concerns for economic growth

Flutter finishes down 6% as UK considers £3bn tax on gambling firms

Mixed day for banks and building firms on Irish market

Some mortgage holders serviced by Mars Capital to have rates increased

More than 1,000 accounts to be affected

Irish savers move more of their money into accounts with higher interest rates

Retail banks have been criticised for failing to increase their deposit rates in line with European Central Bank rate levels

Euro zone business activity unexpectedly contracts in September, PMI shows

German and French economic activity retreats

World economy faces pressures similar to 1920s slump, warns Christine Lagarde

ECB president highlights parallels between two eras but says modern central bankers have tools to manage structural change

House prices now rising at annual rate of almost 10%

Average price for a home nationally is €409,465, up €31,563 on this time last year, and €568,663 in Dublin

ECB hawk sees room for more interest rate cuts

Austria’s central bank governor Robert Holzmann says Eurozone borrowing costs could fall to 2.5% by mid-2025

ECB rate move hands Coalition perfect election springboard

Frankfurt’s decision to cut rates comes on the eve of what is expected to be another expansionary budget in advance of general election

Oil prices rise by more than 1 per over output concerns

Banking stocks rise on Irish market as Ryanair retreats

ECB rate cut: What does it mean for Irish mortgage holders and how much will they save?

Borrowers on variable rates and those coming off fixed rates or looking for a new mortgage may have to wait for any benefit

ECB cuts interest rates for second time as inflation continues to slow

Frankfurt trims its key lending rate, the one that affects mortgage rates, by 25 basis points to 4 per cent, providing some relief for mortgage holders

Inflation falls to three-year low of 1.7% in August

Headline price growth in Irish economy continues to soften on back of reduced energy prices

What does the expected ECB interest rate cut mean for Irish mortgage holders?

The European Central Bank is likely to cut rates by 0.25 percentage points on Thursday

Tracker mortgage holders to save up to €1,000 per year with double interest rate cuts

The ECB is expected to cut interest rates today and also make a second, technical change to rate used to price tracker mortgages

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

Easing of wage growth metric makes ECB rate cut more likely

There is increasing confidence that inflation can be brought back to the 2% target next year

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

Euro zone inflation falls to 2.2% in August

Decline comes amid expectations of further interest rate cuts from European Central Bank

Average weekly earnings rise by 5.6% as workers seek real wage catch-up

CSO’s latest earnings data show workers earned an average of €963 a week in the second quarter

ECB chief economist cautions that inflation target is ‘not yet secure’

Philip Lane wary of amount of relief central bank will be able to provide borrowers

Why are Irish house prices surging again?

Since the ECB began raising interest rates in July 2022, Irish property prices have surged by 10%

ECB minutes highlight openness to September interest rate cut

Notes indicate upcoming meeting was widely considered a ‘good time’ to re-evaluate monetary policy restrictions

ECB rate cut hopes boosted by slowing in euro-zone negotiated wage growth

Growth in negotiated wages slowed to 3.55% from the previous 4.74% mark

YOU MAY ALSO LIKE...

The Irish Times ePaper

Stardust

Inquests into the nightclub fire that led to the deaths of 48 people

Common Ground

How does a post-Brexit world shape the identity and relationship of these islands