Banking Avant Money reduces rates on long-term mortgages, increases interest on short-term loans in same breathLender also announced a range of incentives to encourage customers to switch to One Mortgage product
Markets Donal MacNamee: Europe faces rates dilemma as Fed mulls pause on increasesThe European Central Bank may keep hiking rates even as the US considers a pause – amid warnings it could create a punishing economic slowdown
Economy Inflation forecast to ease amid solid economic growth over next two yearsPaschal Donohoe said there are still high levels of inflation beyond food and energy that need to be addressed
Private Equity John Walsh: Time is right for state to let go of its bank holdingsFunded wholly by deposits, Irish banks are insulated from the sharp rise in the cost of funding that has put many US and EU banks at risk
Finance New mortgage agreements fell by almost a third in March – CBI Weighted average interest rates rose 62 basis points in the same month
Stock Take Ellie Donnelly’s Stock Take: Economic slowdown to bite in second half of year Credit has tightened, manufacturing is slowing, consumption is dropping, and consumer confidence is weakening in Europe and the US
Interest Rates Government weighs mortgage relief to help ease pain from rate hikesBut the reintroduction of relief, which was phased out in 2020 can’t be “promised”, Leo Varadkar said
Economy European Central Bank raises interest rates by 0.25% to further tackle inflation Officials on Thursday raised the deposit rate by a quarter-point to 3.25 per cent, following three moves of double that size
Economics Eurozone core inflation slows, spurring calls for smaller ECB interest hikeMeanwhile headline inflation continues to outstrip the 2 per cent target, rising to 7 per cent.
Economics Michael McGrath warns European Central Bank of ‘real life’ impact of interest rate hikesWhile McGrath said he isn’t seeking to tell the ECB what to do, it is unusual for finance ministers to offer even thinly veiled commentary on monetary policy
Politics Varadkar will ‘consider’ increasing mortgage interest relief for 300,000 householdsEuropean Central Bank set to further increase interest rates next week
Markets Business booms for Ryanair as EU consumers fly high A continued rise in air travel bookings despite price rises suggests Europe’s economy is more resilient than had been predicted
Economy Interest rates to continue to be ‘relatively high’ – Philip LaneLane said we are in a phase of monetary policy tightening at the moment
Shadow Banking In the dark: why shadow banking could trigger the next financial crisis The sector carries out financial activities, but is not regulated like banking – and it holds €3.7 trillion in assets in Ireland alone
Business Post's View Editorial: Shadow banking sector is too big to be left to its own devicesRegulators need to introduce rules to ensure greater transparency and financial reporting in non-bank system
Cost Of Living Crisis Eurozone inflation drops but accelerating core prices strengthen case for more rate hikesConsumer prices rose by 6.9% in March after an 8.5% increase in February, but core inflation hit a new eurozone high, bolstering ECB officials keen on further interest rate hikes
Banking SVB collapse could deter smaller banks from lending, warns expert‘The majority of SME businesses get their loans from these regional banks,’ notes Seema Hingorani of Morgan Stanley Investment Management
Banking Banks’ bad debts will spike this year, asset manager expert warnsInvestment head says previously hidden credit problems will appear as net interest profit margins are squeezed and easy money dries up
Banking ECB vice-president Luis de Guindos on risky non-banks: ‘the soft spot in the system’For the vice-president of the European Central Bank, bringing inflation in the euro area back to 2 per cent is the ultimate goal – but he is concerned about vulnerabilities in the burgeoning shadow banking sector
Banking ECB warns that shadow banking could trigger next financial crisisIrish domiciled funds in growing shadow banking sector now account for over $4.2trn in assets