Banking S&P: Irish banks showing ‘positive’ trends but better cost efficiencies ‘critical’Global ratings house issues positive assessment of Irish banking sector but warns lenders over high cost base
Economy ECB holds interest rates but analysts hopeful for September cutOne Davy analyst has said that with current economic conditions, a July rate cut was ‘off the table’
Interest Rates ECB expected to hold fire on rate rises The ECB will await further proof of inflation coming down before adding to June’s initial rate cut
Economy UK economy grew twice as fast as anticipated in MayBritain’s GDP rose 0.4 per cent in May after a flat reading in April
Banking State will ‘monitor’ banks over mortgages, warns Simon Harris in fresh call for rate cutsTaoiseach says after meetings with the banks rates are a commercial decision for each bank reflecting their different funding arrangements ‘but I emphasised the need for a responsible approach’
Fintech Revolut revenues surge 95% boosted by six-fold increase in interest incomeFintech took in $2.2 billion in 2023, as consumers both in Ireland and globally sought better value in light of tight central bank policy
Interest Rates Outspoken Taoiseach meets recalcitrant banking sector: here’s what was on the agendaSimon Harris has rarely been shy about sticking the boot into Ireland’s lenders. Here’s the topics they spoke about about at meetings this week
Banking Politicians are hectoring banks over interest rates. Is it justified or just populist posturing?Donal MacNamee explores intensifying political pressure on Irish lenders – and what key stakeholders have to say about it
Banking Banks expect ‘mom-and-pop’ level discussion in Simon Harris meeting‘We don’t expect discussion of risk-weighted assets,’ one industry source said ahead of meetings between Taoiseach and lenders
Interest Rates Two more ECB rate cuts this year? A senior decision-maker says that seems about rightThe ECB could cut rates to as low as 3.25 per cent this year, according to the governing council member
Banking AIB cuts lending rates in light of European Central Bank cutThe bank said it had taken a ‘very measured approach’ to rate increases over recent years
Commercial Property Mortgage market rate cut: What it means for homeowners and buyersMortgage rate reductions are welcome, but fluctuations have varied affects depending on what sort of mortgage product you have, writes
UK Bank of England keeps rate at 5.25% ‘for now’ despite inflation dropThe UK central bank, amid the backdrop of the general election campaign, kept the interest rate fixed.
Economy Stock Take: Global rate-cut juggernaut struggles to get off the groundPolicymakers in Australia and the UK are likely to indicate they are not ready to cut rates, leaving the ECB an outlier
Markets Week Ahead Diary: latest UK inflation data to be released All eyes are on the Bank of England this week to see if British interest rates will be maintained at 5.25 per cent
Banking How much will rate cuts hurt Ireland’s banks? We crunched the numbers to find outAIB, PTSB and Bank of Ireland have enjoyed supercharged profitability thanks to rate hikes imposed by the ECB over recent years
Interest Rates Fed’s ‘higher for longer’ stance hits investment and sows uncertainty around the world Consumers are delaying big purchases while businesses are waiting for borrowing costs to fall
Economy Gabriel Makhlouf: Geopolitical tensions ‘threaten’ Irish economy While higher interest rates have boosted banks’ profits, these are set to moderate this year if monetary policy develops as expected, the CBI said.
Banking Pimco issues stark warning on US bank failuresRising rates plus recessionary pressures creates real challenges for commercial real estate, Pimco warned
Interest Rates Philip Lane: ‘High level of uncertainty’ and price pressure will keep rates highThe chief economist was speaking at an event in Dublin on Tuesday