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Saturday 2 December 2023 Dublin: 2°C

# ECB

Last week
19th November 2023 - 2nd December 2023
Eurozone's financial stability outlook is fragile, according to ECB review
The review warned that a recession was a ‘possible scenario’ due to the deteriorating outlook.
This year
2023
Irish MEPs highlight the importance of cash as digital Euro plans advance
Unlike cryptocurrency, the digital currency will be regulated by the European Central Bank.
Bank of Ireland raises variable mortgage rates by 0.25%
Meanwhile, the ECB is keeping interest rates steady for the first time since July 2022.
European Central Bank keeps interest rates steady for first time in over a year
The decision ends a streak of nearly a dozen straight hikes to interest rates.
Opinion: Banks are making a fortune from Irish savers - should you shop around?
Mark Coan of moneysherpa explains how savers can stop banks pocketing their returns.
Property prices continue to rise, with the average house price now at €320,000
Prices in Dublin have fallen while prices in all other counties have risen by 3.8%.
Central Bank says Irish banks slower to pass on ECB policy rate changes than euro area
The ECB increased interest rates, for the ninth consecutive time, by 0.25% in July.
Consumer prices in Ireland estimated to have increased by close to 5% in the year to August
Consumer prices are also estimated to have increased by a ‘hefty’ 0.5% in the month since July.
Bank of Ireland to increase savings and deposit rates
Irish banks have been criticised for not passing higher interest rates back to savers via higher deposit rates.
European Central Bank increases interest rates for the ninth time since last summer
The ECB last increased its interest rates on 15 June by 0.25%.
Bank of Ireland increases fixed mortgage rates for fourth time in less than a year
Bank of Ireland said the increase follows ‘cumulative increases of 4% in European Central Bank rates since July 2022′.
'My mortgage has gone up by €330 a month this year alone. Where will it end?'
The latest interest rate hike by the European Central Bank is set to leave Irish mortgage holders with higher bills.
European Central Bank increases interest rates for the eighth time since last summer
The institution has increased interest rates, for the eighth consecutive time, by 0.25% this morning.
Analysis: Corporate profits must also be taken into account when discussing inflation
Oana Peia and Davide Romelli look at the increases in inflation and asses the impact corporate profits are having on this cycle.
Financial advisor: Another ECB hike has been imposed - what should mortgage holders do?
Kieran McAuliffe of Provest looks at today’s ECB increase in interest rates – the seventh in a row – and has some advice for mortgage holders.
Varadkar: Govt will examine mortgage relief as part of Budget 2024 as ECB hikes rates again
However, the Taoiseach said that it was not a promise that relief would be included in the next budget.
European Central Bank raises interest rates by 0.25 percentage points
The institution has lifted rates at an unprecedented pace since last year to combat spiralling energy and food costs.
Analysis: Is the global economy resilient enough to handle its high levels of debt?
Economist Victor Duggan looks at the level of debt internationally and ask if the global economy can manage it.
Financial expert: 'Never give up your tracker' may not be the best advice anymore
Mark Coan of moneysherpa has some advice for those on a tracker mortgage.
Analysis: Government supports are welcome but will they improve living standards long-term?
Taking the temperature of the global economy, Economist Victor Duggan asks whether government support offered this week will be adequate.
AIB due to raise mortgage rates following European Central Bank hike
The bank said that it intended to raise interest rates further in March.
Last year
2022
European Central Bank slows pace of interest rate hikes with 0.5% rise
In response, Bank of Ireland confirmed that tracker mortgage rates will increase for all tracker mortgage customers by 0.5%.
Lagarde says inflation crisis came from 'nowhere', describes Putin as 'a terrifying man'
The ECB president made an appearance opposite Ryan Tubridy tonight.
Tracker mortgage repayments to increase as European Central Bank hikes interest rates by 0.75%
The ECB announced the hike in a statement this afternoon.
The hike will see monthly tracker mortgage repayments increase.
The ECB has also warned that it expects to raise interest rates further to tame inflation.
Analysis: We can expect to see interest rates continue to march higher this week
Expected interest rate hike may help 'contain' house prices, says Varadkar
The ECB’s 25-member governing council is likely to lift its key interest rates by 75 points for the second consecutive time.
Analysis: We can expect to see interest rates continue to march higher this week
Economist Victor Duggan looks ahead to the expected ECB rate hike tomorrow.
Analysis: ECB rates are on the rise, what does this mean for mortgage holders?
Financial expert David Quinn looks at the latest rate hike and the options available to homeowners.
Tracker mortgage rates to rise after ECB hike interest rates by 0.5%
The bank is trying to respond to soaring inflation but those on tracker and variable rates will likely face an increase.
ECB ups key interest rates as it warns 'inflation to remain undesirably elevated for some time'
The July rate hike will be the first in 11 years.
Traditional remedies might not work. So how will we cure the surging cost of living?
A report by
Ian Curran
Almost everything is more expensive than it was a year ago, from energy to fuel to bathroom fittings and Big Macs.
Almost everything is more expensive than it was a year ago, from energy to fuel to bathroom fittings and Big Macs.
Usually, governments might cut public spending and central bankers could hike interest rates in response.
But economists say the logic of traditional remedies is 'debatable' in the unprecedented context of the pandemic.
'Suite of measures' to address the rising cost of living expected 'in the next couple of weeks'
No let up in cost of living surge in January as Eurozone inflation hits a record high
Explainer: Why is everything more expensive?
In Ireland and across Europe, prices have risen sharply over the past year as economies have reopened.
No let up in cost of living surge in January as Eurozone inflation hits a record high
CSO examining how to show 'disproportionate' impact of soaring inflation on poorer families
No let up in cost of living surge in January as Eurozone inflation hits a record high
Amid heightened anxiety over inflation, the European Central Bank’s Governing Council will meet tomorrow.
Revolut takes 'first steps' toward offering loans and bank accounts to Irish users
The digital challenger bank is increasing its offering to Irish customers as Ulster Bank and KBC Bank move to exit the market.
All time
European Central Bank plans to redesign euro banknotes
A final decision on the new look is expected in 2024.
Bank of Ireland fined €24.5 million for IT failures that had potential 'serious' customer impact
The failures could have led to customers being denied access to basic banking services.
'Supply chain bottlenecks and rising energy prices' are main threat to recovery, warns Lagarde
Despite rising prices, the European Central Bank also decided to keep its pandemic stimulus efforts unchanged.
Morning Memo: Why are borrowing costs rising for eurozone governments?
The ECB says it’s closely monitoring what’s going on in government debt markets.
More stimulus for Europe as ECB adds €500 billion to €1.35 trillion package, extending it into 2022
It comes against the backdrop of gloomy economic forecasts.
Hopes for a swift economic recovery in 2021 have faded, says ECB
A resurgence of the virus has weakened euro area growth forecasts.
Explainer: Everything you've always wanted to know about bonds but were afraid to ask
The National Treasury Management Agency auctioned €1.5 billion of Irish government bonds last week.