European Central Bank (ECB)

European Central Bank president Christine Lagarde warned on Friday that the ECB would not be cutting rates for at least ‘the next couple of quarters’

Interest rate cuts are now firmly on the cards for next year

Christine Lagarde says rates must be kept at current levels for ‘long enough’

Latest Consumer Price Index indicates that prices on a monthly basis rose by 0.3 per cent in October

Gabriel Makhlouf signals plans to set up regulatory ‘sandbox’ to boost financial innovation

Real wages also have some way to go catch up with inflation and this could also keep up the price pressure, fund says

Q&A: Monthly mortgage payments have jumped by close to 50% in past 18 months but what can we now expect from interest rates?

Interest rate hikes: ECB’s decision to leave interest rates unchanged this month may signal we have reached the peak

Inside Business podcast with Ciarán Hancock

Lender now expects its net interest income to top €3.75bn, €150m higher than its previous guidance

With the euro zone economy in retreat, there is a now realistic chance that Europe will be in a recession by Christmas

Slowdown likely to cement view that ECB will not be raising interest rates any further in the current cycle

Is cash a spent force or are we in danger of rushing headlong into the virtual alternatives with no thought to the consequences?

Irish Small and Medium-sized Enterprise association warns on costs

AIB, Bank of Ireland and PTSB have so far absorbed most of the ECB rate hikes but with deposit rates now rising, this could change in coming months

The ECB head on steep learning curves, managing shocks — and taking deep breaths

Dublin’s Iseq index shed close 0.8% on Thursday

Successive increases over past 10 meetings seen as finally starting to have an impact on inflation

Bank says that some mortgage customers coming off fixed-rate periods are now opting for variable rates for the first time in years

Investors say further increase unlikely given near-stagnation of euro zone economy

Spreads on euro-denominated junk bonds rise to widest levels since 2016

Gabriel Makhlouf says key industry and data privacy concerns will be addressed before any digital currency launch

A digital version of the single currency would see euros being carried in a wallet on your smartphone

Central bank says digital currency will create competition in the market for payments dominated by US credit card companies

Pablo Hernández de Cos says higher borrowing costs underline governments’ need to reduce deficits next year

Survey result chimes with latest comments from ECB officials

Mortgage holders who have been paying high interest rates for years are annoyed about plans for morgage interest relief for a minority on trackers

Iseq down 0.6% as Ryanair and Flutter trade lower

Bloc’s debt pile set to reach €900bn by 2026 but it pays a higher interest rate than France as investors fret about liquidity

Full impact of higher interest rates is still rippling out across the real economy

Average Irish rate on new mortgages remains higher than euro area average

The subset of borrowers most affected by house lending rate hikes will benefit by up to €1,250

Luis de Guindos dismisses rates cuts and says getting back to 2% target will not be easy

Euro zone inflation has fallen sharply, indicating tough medicine may be working, though rate cuts may still be some way off

Rising energy and food prices drive headline price growth

Central bank explores use of tools similar to ChatGPT to help draft briefings and write newsletters

Hawkish message underlines ECB chief’s warning not to expect rates to drop quickly

Ex-Central Bank of Ireland governor tamps down hopes of rate cut soon

Lender was set up in 2012 by former head of Permanent TSB Finance Chris Hanlon

Irish banks have so far lagged behind peers across the wider euro zone in passing on official rate hikes to households