Jim Power: Irish housing market does not need ECB's sort of interest rate trajectory

In the period from 2000 up to 2007, the European Central Bank's interest rate policy was totally inappropriate for Ireland, writes Jim Power

The president of the European Central Bank, Christine Lagarde, delivered the bank's fourth 0.25% interest rate cut of 2024 over the past week. Picture: Arne Dedert/dpa via AP

Any claims made about the housing market are guaranteed to garner significant media coverage, such is our obsession with the subject in this country.

Over the past week, the ESRI published its latest economic outlook and painted a positive outlook for the economy in 2025.