Market falls as IMF urges rate review

THE ISEQ began the week yesterday with a loss of 33.10 points to 2,932.10.

The IMF has said a decision on changing the interest rates charged to countries under the EU’s bailout rules is urgently needed. In its World Economic Outlook, the IMF also cut its growth forecast for Ireland in half.

It now estimates that growth this year will be 0.5%, compared with a forecast of around 1% growth late last year.