Eurozone inflation rises to 2% in October, undermining case for big ECB rate cut
Rise in inflation follows stronger-than-expected growth data for the third quarter released on Wednesday
European Central Bank (ECB)
Light touch regulation did not work with banks and won’t work for video sharing platforms like TikTok
Coimisiún na Meán’s online safety code for video-sharing platforms contains echoes of the 2008 banking crisis
Revolut cuts interest rates for savers following ECB rate move
Digital bank which launched first savings accounts in Ireland in May reduces deposit rates to 1.7% from November 28th
The €500,000 suburban three-bed is now the house at the centre of the property price surge
This kind of house is attracting bids both from those seeking to move and from first-time buyers
ECB interest rates: Borrowers set to save more than €2,000 as series of new cuts expected
Rate cutting pattern is expected to continue until June 2025
ECB’s latest rate reduction will help borrowers but egg on house prices
Markets are already pricing in four more rate cuts between now and March
ECB rate cut: what’s in it for me?
Q&A: Latest fall in interest rates will save tracker mortgage customers €33 a month per €100,000 balance on their loan, but other borrowers may have to wait to benefit
‘We’re breaking the neck of inflation,’ says Lagarde as ECB cuts rates again
Frankfurt-based central bank trims key deposit rate by 25 basis points to 3.25 per cent
Euro zone inflation slows more than expected, paving way for ECB rate cut
Consumer price growth across the single currency bloc moderated to 1.7 per cent in September from 2.2 per cent the previous month
European shares fall as investors take cover ahead of ECB rates meeting
Irish banks out of sorts as builders trend lower
Tens of thousands of Irish mortgage holders to see immediate benefit from likely ECB rate cut
European Central Bank expected to reduce interest rates on Thursday as inflation fears replaced by concerns for economic growth
Flutter finishes down 6% as UK considers £3bn tax on gambling firms
Mixed day for banks and building firms on Irish market
Some mortgage holders serviced by Mars Capital to have rates increased
More than 1,000 accounts to be affected
Irish savers move more of their money into accounts with higher interest rates
Retail banks have been criticised for failing to increase their deposit rates in line with European Central Bank rate levels
Euro zone business activity unexpectedly contracts in September, PMI shows
German and French economic activity retreats
World economy faces pressures similar to 1920s slump, warns Christine Lagarde
ECB president highlights parallels between two eras but says modern central bankers have tools to manage structural change
House prices now rising at annual rate of almost 10%
Average price for a home nationally is €409,465, up €31,563 on this time last year, and €568,663 in Dublin
ECB hawk sees room for more interest rate cuts
Austria’s central bank governor Robert Holzmann says Eurozone borrowing costs could fall to 2.5% by mid-2025
ECB rate move hands Coalition perfect election springboard
Frankfurt’s decision to cut rates comes on the eve of what is expected to be another expansionary budget in advance of general election
Oil prices rise by more than 1 per over output concerns
Banking stocks rise on Irish market as Ryanair retreats
ECB rate cut: What does it mean for Irish mortgage holders and how much will they save?
Borrowers on variable rates and those coming off fixed rates or looking for a new mortgage may have to wait for any benefit
ECB cuts interest rates for second time as inflation continues to slow
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
Inflation falls to three-year low of 1.7% in August
Headline price growth in Irish economy continues to soften on back of reduced energy prices
Tracker mortgage holders to save up to €1,000 per year with double interest rate cuts
The ECB is expected to cut interest rates today and also make a second, technical change to rate used to price tracker mortgages
What does the expected ECB interest rate cut mean for Irish mortgage holders?
The European Central Bank is likely to cut rates by 0.25 percentage points on Thursday
Savers stuck with low interest rates for seventh consecutive month
Average interest rate offered on overnight deposit accounts a mere 0.13% in July, Central Bank figures show
Easing of wage growth metric makes ECB rate cut more likely
There is increasing confidence that inflation can be brought back to the 2% target next year
ECB and Central Bank officials to brief Irish finance firms on digital euro
ECB to decide next year on the potential issuing of a digital currency
Euro zone inflation falls to 2.2% in August
Decline comes amid expectations of further interest rate cuts from European Central Bank
Average weekly earnings rise by 5.6% as workers seek real wage catch-up
CSO’s latest earnings data show workers earned an average of €963 a week in the second quarter
ECB chief economist cautions that inflation target is ‘not yet secure’
Philip Lane wary of amount of relief central bank will be able to provide borrowers
Why are Irish house prices surging again?
Since the ECB began raising interest rates in July 2022, Irish property prices have surged by 10%
ECB minutes highlight openness to September interest rate cut
Notes indicate upcoming meeting was widely considered a ‘good time’ to re-evaluate monetary policy restrictions
ECB rate cut hopes boosted by slowing in euro-zone negotiated wage growth
Growth in negotiated wages slowed to 3.55% from the previous 4.74% mark
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