European Central Bank policymaker Klaas Knot has said he does not expect interest rates to fundamentally change in the coming years.

Inflation in the eurozone is not at the level the ECB wants it to be, one of the central bank’s policymakers Klaas Knot has said.

Irish households are pessimistic about the economic outlook as the growing possibility of a no-deal Brexit looms, according to the Bank of Ireland’s latest economic survey.

The president of Cyprus said yesterday the risk of bankruptcy had been contained and the country had no intention of leaving the euro, in a speech laden with criticism of Europe’s currency union for “experimenting” with the island’s fate.