European Central Bank (ECB)

German and French economic activity retreats

ECB president highlights parallels between two eras but says modern central bankers have tools to manage structural change

Average price for a home nationally is €409,465, up €31,563 on this time last year, and €568,663 in Dublin

Austria’s central bank governor Robert Holzmann says Eurozone borrowing costs could fall to 2.5% by mid-2025

Frankfurt’s decision to cut rates comes on the eve of what is expected to be another expansionary budget in advance of general election

Banking stocks rise on Irish market as Ryanair retreats

Borrowers on variable rates and those coming off fixed rates or looking for a new mortgage may have to wait for any benefit

Frankfurt trims its key lending rate, the one that affects mortgage rates, by 25 basis points to 4 per cent, providing some relief for mortgage holders

Headline price growth in Irish economy continues to soften on back of reduced energy prices

The ECB is expected to cut interest rates today and also make a second, technical change to rate used to price tracker mortgages

The European Central Bank is likely to cut rates by 0.25 percentage points on Thursday

Average interest rate offered on overnight deposit accounts a mere 0.13% in July, Central Bank figures show

There is increasing confidence that inflation can be brought back to the 2% target next year

ECB to decide next year on the potential issuing of a digital currency

Decline comes amid expectations of further interest rate cuts from European Central Bank

CSO’s latest earnings data show workers earned an average of €963 a week in the second quarter

Philip Lane wary of amount of relief central bank will be able to provide borrowers

Since the ECB began raising interest rates in July 2022, Irish property prices have surged by 10%

Notes indicate upcoming meeting was widely considered a ‘good time’ to re-evaluate monetary policy restrictions

Growth in negotiated wages slowed to 3.55% from the previous 4.74% mark

Average interest rate charged on new fixed-term mortgages falls after ECB cut in June

Property prices in Dublin rose at an even higher rate than the national average, up 9.3% in June from a revised 8.8% in May

Markets are pricing in a more than 90% chance of another 25 basis point cut in September

France services sector boosted by Olympics and UK by its general election but picture elsewhere is of slowing growth

Bank profits from customers’ reluctance to shift savings into higher interest accounts as well as lower bad loan provisions

While the higher interest rate environment has led to improved profitability in recent years, it has not made bank business models any more sustainable, Sharon Donnery said

Brokers Ireland says anyone who has not reviewed their home loan in a while is likely missing out on savings

Purchasing managers’ poll hits 5-month low on weak growth in services and steep falls in manufacturing

Inheritance tax changes, congestion charges, indexing the income tax system and hospitality’s pursuit of the 9 per cent VAT rate

The pan-European Stoxx 600 index closed 0.9 per cent higher, coming off a five-day losing run

Choppy trading in New York sees brief rally in chipmaker stocks give way to losses

Investors look for September rate cut clues despite geopolitical uncertainty and wage rises

Hopes of a steady reduction in interest rates are being called into question and the ECB says what will happen at its next meeting remains " wide open”

Latest barometer shows Dublin prices rose an average rate of 8.6% in 12 months to May this year

The tentacles of shadow banking extend into the Irish economy in many ways yet we remain complacent

Over more than a decade, the regulator has received 50,000 applications to approve individuals for key positions, approving 11,000 in the past four years alone

Price growth in Irish economy continues to moderate in tandem with fall-off in energy costs internationally

Central Bank’s latest retail interest rate figures show fixed-rate contracts constitued two thirds of mortgage contracts agreed in May

Poll finds rise from 6% to 9% of central bank’s workers reporting suicidal thoughts

Cabinet has approved the wind down of the bad bank as house prices surpass pre-crash levels