ECB and Opec decisions to shape the future of Irish economy

Big decisions to be taken at two key meetings later this week could likely shape the future of the Irish economy for years to come. One is by the European Central Bank and the other is by the Organisation for Petroleum Exporting Countries.

The ECB is almost certain to ease policy on Thursday, having all but committed itself to action designed to boost inflation and indirectly lift lethargic growth across the eurozone.

The markets are now guessing only about what exact steps it will take to kickstart price growth.