John Hearne reviews the merits of digital banking services which do not charge fees, but which also do not offer loans, overdrafts or credit cards

The Central Bank of England and the German Central Bank have both said that debt is not loaned by commercial banks but is created ‘out of thin air’.

Why is the euro so strong, when the eurozone’s economy is barely out of recession?

The European Central Bank may raise rates if inflation pressure increases, even after it pledged to keep borrowing costs low, according to Germany’s Bundesbank.

The ECB is expected to lower its interest rate today possibly to 0.5% in a further bid to kick-start growth and take the eurozone out of recession.

Reports today suggest the head of the German Central Bank has threatened to resign in a row with the ECB over measures proposed to deal with the eurozone crisis.

THE slowing eurozone economy may leave the staunch ECB governing council looking foolish before this chapter in global economic history is resolved.

THIS week produced a raft of key reports, the bulk of which reflected positively on the Irish economic outlook for the next year or two.

FEARS of a retail slow down in December compared to previous years are not reflected in the credit figures released yesterday by the Central Bank of Ireland.