The Bank of England bolstered expectations that it will raise rates for only the second time since the financial crisis at its next meeting in August, after its chief economist unexpectedly joined the minority of policymakers calling for a hike.
Fri, 22 Jun, 2018
The US Federal Reserve kept interest rates unchanged last night in its first meeting since president Donald Trump took office, but painted a relatively upbeat picture of the US economy that suggested it was on track to tighten monetary policy sometime this year.
Thu, 02 Feb, 2017
A HSE audit of children’s charity Barnardos found the CEO and senior management salaries were paid in excess of health sector pay rates and that unclear information was provided to the board and to the media in relation to the CEO’s salary and his donations,
Tue, 24 Jan, 2017
Fri, 09 Dec, 2016
Cork City’s commercial rates will increase for the first time in eight years and funding for hugely successful Christmas festival, Glow, has been slashed after a lengthy and at times chaotic city council budget meeting.
Thu, 17 Nov, 2016
The Bank of England’s top two monetary policymakers yesterday said UK interest rates may need to fall further, as surveys sustained their view that even a “sledgehammer” stimulus will not be enough to fully counter a post-Brexit vote slowdown.
Sat, 06 Aug, 2016
Fri, 05 Aug, 2016
The IDA has played down the threat to Ireland’s competitiveness of the UK’s plans to slash its corporate tax rate to 15%, saying the tackling of high business costs and ensuring the availability of a skilled workforce are bigger concerns.
Thu, 07 Jul, 2016
The European Central Bank should ease monetary policy further if inflation does not begin rising as expected, and governments should find ways to snuff out non-performing bank loans to help economies reap the full benefits of ECB stimulus, the OECD said yesterday.
Sat, 11 Jun, 2016
AIB will cut its standard variable mortgage rate twice more this year, to below 3%, and while Permanent TSB will cut in the coming weeks, Bank of Ireland will hold firm against “political pressures”, Investec Ireland has predicted.
Wed, 08 Jun, 2016
The interest rate charged to an Irish borrower wishing to take out a new mortgage or to switch mortgage is the highest in the eurozone. The rate is not just a bit higher, it is way higher. The average rate for new business is 3.7% in Ireland compared with 2% across the eurozone.
Mon, 23 May, 2016
Farming organisation IFA and its 75,000 members yesterday opened up a new front on the controversy surrounding high rates that Irish lenders charge for mortgages, saying that politicians need also focus on “excessively high” business rates facing farmers and SMEs too.
Wed, 18 May, 2016
No doubt, it is only coincidental that no sooner had Fianna Fáil resurrected a bill that would give powers to the Central Bank to impose ceilings on mortgage interest levels that AIB announced it would be reducing its mortgage variable rate from July.
Thu, 12 May, 2016
Shares in Permanent TSB, which is majority-owned by the Government, slumped over 10% yesterday adding to huge losses for the mortgage lender in the last four trading sessions, as politicians stepped up pressure for Irish lenders to cut their variable home loan rates.
Thu, 12 May, 2016