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ECB to start quantitative easing as it raises growth forecast

The European Central Bank will launch into quantitative easing next week having increased its economic growth forecasts for this year and next. President Mario Draghi said the first bond purchases with new money would take place on March 9. The […]

JIM POWER: Evidence of recovery is compelling

There are still many out there who either refuse to admit that a compelling recovery is under way in the economy or simply do not believe it. The fact is that the evidence is there for all to see and […]

Eurozone business activity picks up pace

Price cutting and a weaker currency helped eurozone business activity accelerate in February, according to surveys published just before the European Central Bank embarks on a trillion-euro stimulus programme. Survey compiler Markit said the surveys pointed to first quarter GDP […]

Unemployment rate drops to 10.1% in February

Ireland’s unemployment rate declined another 0.2% in February, to reach 10.1%, its lowest level since 2009 — the last time the percentage figure was in single digits. Latest data, published yesterday by the CSO, showed that 4,300 people came off […]

Services sector continues to expand

The country’s services sector is continuing to expand in the early part of the year with strong growth across all segments. The domestic economy helped drive the sector’s growth last month while improving client confidence also translated into new orders […]

Exchequer returns fuel hope of beating deficit targets

Latest exchequer returns have raised hopes Ireland may beat its 2.7% of GDP budget deficit target for 2015. The Department of Finance yesterday reported the generation of nearly €6.74bn in tax revenue for the first two months of this year, […]

EU to assess suitability of bank debt rules

Jonathan Hill, the EU’s financial services chief, said he will assess the suitability of global rules on bank indebtedness and funding before implementing them within the bloc. Mr Hill said that he will decide if it is “appropriate” to introduce […]

Quantitative easing not working, says Blackrock Investment Institute boss

Central bank bond-buying programmes aren’t working, BlackRock’s Peter Fisher has claimed. Quantitative easing is supposed to push investors into riskier assets, Mr Fisher, senior director of the BlackRock Investment Institute and a former under secretary of the US Treasury and […]

Employment figures put economy on firm footing

Labour market figures published by the CSO last week for the final quarter of 2014 contained further good news on the Irish economy, writes Oliver Mangan. The data show the recovery in the economy is continuing to generate solid job […]

Eurozone consumer price slump eases back in February

The fall in oil prices helped keep Eurozone inflation down in negative territory last month, but prices fell at a slower pace than at the start of the year. Consumer prices in the 19-member bloc fell by 0.3pc in February, […]

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