ECB | Business Post

Avant Money reduces rates on long-term mortgages, increases interest on short-term loans in same breath

Lender also announced a range of incentives to encourage customers to switch to One Mortgage product

Donal MacNamee: Europe faces rates dilemma as Fed mulls pause on increases

The European Central Bank may keep hiking rates even as the US considers a pause – amid warnings it could create a punishing economic slowdown

Inflation forecast to ease amid solid economic growth over next two years

Paschal Donohoe said there are still high levels of inflation beyond food and energy that need to be addressed

John Walsh: Time is right for state to let go of its bank holdings

Funded 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

New mortgage agreements fell by almost a third in March – CBI

Weighted average interest rates rose 62 basis points in the same month

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

Government weighs mortgage relief to help ease pain from rate hikes

But the reintroduction of relief, which was phased out in 2020 can’t be “promised”, Leo Varadkar said

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

Eurozone core inflation slows, spurring calls for smaller ECB interest hike

Meanwhile headline inflation continues to outstrip the 2 per cent target, rising to 7 per cent.

Michael McGrath warns European Central Bank of ‘real life’ impact of interest rate hikes

While 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

Varadkar will ‘consider’ increasing mortgage interest relief for 300,000 households

European Central Bank set to further increase interest rates next week

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

Interest rates to continue to be ‘relatively high’ – Philip Lane

Lane said we are in a phase of monetary policy tightening at the moment

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 devices

Regulators 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 hikes

Consumer 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

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

Banks’ bad debts will spike this year, asset manager expert warns

Investment head says previously hidden credit problems will appear as net interest profit margins are squeezed and easy money dries up

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

ECB warns that shadow banking could trigger next financial crisis

Irish domiciled funds in growing shadow banking sector now account for over $4.2trn in assets