ECB | Business Post

Makhlouf says minimum 0.5% rate rise needed as ECB prepares for crunch meeting next week

Central Bank Governor says European Central Bank must be open to policy rates moving into restrictive territory for some time

ECB move to restrict bank subsidies to cost AIB and BoI up to €100m

European Central Bank to change terms of cheap loans to European banks

European Central Bank

Ian Guider: Will our man in Frankfurt take the rap if ECB loses the race against inflation?

Philip Lane, who as the European Central Bank’s chief economist guides policy which affects the lives of more than 340 million people, is walking a tightrope in his response to the current crisis

Aidan Regan: Britain’s self-inflicted woes may well be a warning sign of things to come in Europe

Europe might find itself in the same position as Britain if the ECB continues to pursue an aggressive quantitative tightening strategy

AIB becomes first major bank to pass on mortgage rate hikes

Fixed rates will rise by 0.5 per cent for new customers.

John Walsh: Our withdrawal from cheap money is going to hurt

With a gross national debt of €239 billion to pay, rising interest rates are going to hit Ireland hard. Private equity funds and tech firms will also face a number of challenges

Dan O’Brien: Central bankers are at risk of becoming the target of popular ire

While higher short-term unemployment may be the least damaging outcome available, hearing well-paid technocrats advocate for it is unlikely to bolster support for current interest rate-setting arrangements

Aidan Regan: Following dated economic policies will give Putin what he wants

The usual way to dampen inflation is by rising interest rates but in a time of war, a different approach is needed

Euro zone inflation rate hits new record high as regulators debate higher rate increase

Consumer prices in the bloc jumped 9.1 per cent from a year ago in August

Aidan Regan: How a new generation is rising to the challenge of greening our economies

Young social scientists have looked at ways in which the ECB and national fiscal authorities could work in tandem to finance a renewable energy revolution, while pricing the fossil fuel industry out of existence

Business Post's View

Editorial: ECB rate hike sends clear message to spend with care

In a Europe gripped by crisis and uncertainty, governments must understand that the years of essentially free money are over

Dan O’Brien: Economists are left scratching their heads as all the indicators go haywire

The modern financial system is so complex and vulnerable to global shocks and pressures that the only certainty is that there is a lot of turbulence ahead

European Central Bank

ECB increases interest rates by 0.5% to tame surging inflation

Decision marks the first increase in 11 years and the biggest since 2000

Bank of Ireland raises tracker mortgage and deposit rates following ECB interest rate increase

All tracker mortgage rates will increase by 0.5 per cent, in line with rate hikes confirmed by the European Central Bank, while negative interest rates applied to customer accounts will end

Euro slumps to dollar parity for the first time in two decades

Energy crisis and recession risks are weighing on the currency

Comment: Everyone involved in banking needs to prepare for the green transition

The ECB is taking action to reduce the carbon footprint in its portfolio and push banks to better manage climate and environmental risks

Interest rates on government debt to remain low despite ECB hikes

NTMA says interest rates on state borrowing will remain close to record low of 1.5% for the rest of the year

Aidan Regan: The truth is that nobody knows what will or won’t work to end this inflation crisis

Governments and central banks are desperate for a silver-bullet solution to the current inflation crisis, but increasing interest rates is unlikely to make much difference – except to engineer yet another recession

Ian Guider: Interest rate hikes will be a big bonanza for banks

There’s plenty of pain on the way for mortgage holders, but it’s likely to be a different story for our friends at the big banks

Permanent TSB may not have conditions imposed on acquisition of Ulster Bank assets

PTSB awaiting approval from the competition watchdog before deal to acquire billions of euro of Ulster Bank assets can conclude