Irish exporters are set to be the main beneficiaries from the ECB’s planned €1.1bn in quantitative easing.

Bank of Ireland has lowered its outlook for Irish economic growth this year by 0.5%, saying GDP should grow by 1% and not the 1.5% rate it had previously forecast at the turn of the year.

Bank of Ireland has kept its forecasts for the country’s economic growth unchanged, despite recent figures showing GDP growth of 0.2% in the third quarter of 2012.

CONSUMER spending trends are likely to worsen in the remainder of the year, according to Bank of Ireland.

THIS time last year, when the price of oil was about $68 per barrel, the debate was whether or not the price could rise above the $100 mark, with the general feeling that such an event was unlikely.

OIL prices look set to top $100 per barrel as fears of a Turkish invasion of northern Iraq mount.

The euro is trading at a 12-month high against the dollar due to concerns about the US economy, according to the latest monthly bulletin from Bank of Ireland Global Markets.

Bank of Ireland Global Markets, the Bank’s treasury specialists, today announced that its sterling off-shore liquidity fund was awarded the best performing fund of its type worldwide in 2006, the highest of the 76 funds in this category.

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.

Oil opened this morning at its lowest level this year, trading just below $58 per barrel.

Bank of Ireland Global Markets has announced the appointment of Kevin Twomey to the position of Head of Markets.

CONSTRUCTION industry output has risen by over 80% since 2000, to a value of €32 billion at the end of 2005, compared to just €17.6bn in 2000.

OIL surged to new record highs above $76 a barrel yesterday on renewed worries over supply from major exporter Nigeria.

The price of Brent crude oil has little prospect of dropping significantly below $69/bbl (€101.14), as predictions of a bad hurricane season weigh heavily on the US market, according to Paul J. Harris of Bank of Ireland Global Markets.

GLOBAL economic growth will keep oil prices rising to 2010 and the price per barrel could go above $100 (€78.50) per barrel in the meantime, according to an Irish oil analyst.

OIL prices edged back toward record highs yesterday as the threat of war on Iran and the disruption of supplies from Nigeria kept international traders nervous.

MOUNTING tensions over US foreign policy could push petrol prices up to €1.25 per litre before the end of May.

The current consumer boom will fuel economic growth of 6% in 2006, according to Bank of Ireland Global Markets economic outlook for 2006.

The European Central Bank is unlikely to introduce a rate cut in the short term, according to a leading economist.

Bank of Ireland has launched a new product to allow Irish companies trade off energy emissions.

INTEREST rates in Britain are set to rise in June, according to Bank of Ireland Global Markets chief economist Dan McLaughlin.

Construction products group Kingspan has negotiated $200m (€154m) through a private placement of debt with a group of US investors.

THE US dollar hit a three-month high against the euro yesterday following encouraging comments from US Federal Reserve chairman Alan Greenspan.

EUROPEAN interest rates are set to rise sooner rather than later, according to leading Irish economists.

BANK OF IRELAND’S plans to blaze a €10 billion trail with a new form of fundraising received the thumbs-up yesterday.

Although the US economy has moderated over the Summer, with GDP growth falling back to 3%, consumer spending growing by only 1%, and employment rising by less than expected in July, there are indicators that the economy is poised to pick up again in the short term, according to Michael Crowley, senior economist, Bank of Ireland Global Markets.

Bank of Ireland Treasury and International is to be re-branded Bank of Ireland Global Markets form Monday, March 1.