Interest Rates Latest major ECB interest rate hike called into doubt by banking turmoilThe sector has been rocked by the collapse of Silicon Valley Bank and the crisis at Credit Suisse
Housing Finance Ireland mortgage interest rates jump above 6% after latest price hikeThe move is in response to the rise in European rates, which have surged in recent months
Economy ECB unlikely to signal another big interest rate hike due to SVB, economists sayIt had previously been predicted that officials would give guidance on rate increases as they look to tackle inflation
Economy European interest rates expected to be hiked four more timesOfficials have said that higher rates, which have significantly raised borrowing costs, will stay for the rest of the year
Economy Irish state’s cost of borrowing triples following interest rate surgeThe yields on offer to investors from the NTMA are the highest in almost a decade
Interest Rates Philip Lane indicates European interest rates will continue to riseEuropean Central Bank’s chief economist says inflation must be reined in
Inflation Eurozone inflation barely slows despite rate hikesPolicymakers are concerned that elevated prices will continue and lead workers to seek bigger pay rises.
Economics Christine Lagarde says interest rate hikes may need to continueThe European Centreal Bank president said she won’t speculate on a peak for interest rates, which have surged in recent months
Housing Housebuilder Cairn Homes says surging interest rates will stop Irish house price risesOperating profits at the company nearly doubled after a strong rise in sales
Private Equity ‘There’s still a lot of strategic capital and private equity money looking to be invested’Melior Equity Partners co-founders Peter Garvey and Jonny Cosgrave, two of the most experienced deal makers in Ireland, look at deal volume and business valuation trends over the past two years and give their forecast for the rest of 2023
Economics Aidan Regan: Young renters and lower earners will pay the price for ECB’s anti-inflation strategyThere’s plenty of pain, but the only gain will be for the banks from the EU central bank’s plan to slow inflation to 2 per cent by turning the screw on the housing market
Banking Ian Guider: Don’t hold your breath for a better return on your bank savingsWhy would the banks offer better returns on cash deposits, when they have no competitive reason to do so?
Banking Profits fall by $1.4 billion at HSBC following sale of French retail operationsAsia-focused bank reports surge in last quarter, however, as profit before tax increased by $2.5 billion to $5.2 billion, helped by rising interest rates
Banking Finance Ireland raises variable mortgage rates by 1%The move means the non-bank lender’s rate will now be between 5.75 per cent and 6.15 per cent
Banking Irish homeowners face mortgage hikes as banks raise rates again following fresh ECB increaseAIB and Bank of Ireland have both confirmed they will increase mortgage interest rates after the ECB raised rates by half a percentage point to 3%
Economics European interest rates set to rise by a further 0.5%The move will further push up the cost of borrowing as officials look to limit inflation
Economics ‘Hawkish noises from ECB mean high interest rate hikes are likely’ – expertAnalyst says consecutive half-point hikes are likely amid speculation over whether European policymakers will slow interest rate rises
Companies Future is bright for 70% of SMEs Despite inflation and drop off in spending, survey shows majority are optimistic about economic conditions this year
Banking Senior bankers turn to union as negotiations over move to Davy stallIt is understood that Bank of Ireland plans to transfer up to 30 private client managers from its in-house wealth management unit to Davy, but the move is not going smoothly
Economy End in sight for mortgage holders as interest rate hikes to peak in MayMonthly tracker repayments have surged as officials have increased rates in response to surging inflation
