Global interest rate markets mixed: BoI

Resilience in global activity is prompting a re-think in the interest rate markets, according to the Bank of Ireland Global Markets Research Bulletin published today.

Commenting on US rates, Bank of Ireland's chief economist Dan McLaughlin said: "The US economy has clearly slowed of late, primarily due to a sharp fall in residential investment, and some analysts expected that the end of the housing boom would also have a significant effect on consumer wealth and hence consumer spending.