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Referendum on Britain’s EU membership will have a knock-on effect on Ireland, warning

The UK economy will suffer in the run up to a referendum on Britain’s EU membership and this will have a knock-on effect on Ireland, a UCD economist has predicted. Joe Durkan, who lecturers in economics at the university, also […]

US and UK rate hikes to drive euro further south

The euro has lost considerable ground since last spring as the persistence of very weak growth in the eurozone, coupled with a fall in inflation to very low levels, forced the ECB into further policy easing moves. It has also […]

Race to buy before summer will spike house prices

Nearly 8,000 house hunters, who rushed to secure mortgage approval in the weeks before the strict new Central Bank deposit rules came into force, are in a race against time to buy houses and apartments before the summer. Borrowers are […]

SMEs to have access to state-backed loans if their lender leaves Irish market

The Government’s credit guarantee scheme is being extended to cover businesses whose lenders, like Danske Bank, are leaving Ireland. Small and medium enterprises (SMEs) will now have access to state-guaranteed refinancing loans if their lender is leaving the Irish market. […]

Divisive talks at ECB meeting

The ECB’s chief economist warned eurozone central bankers of the perils of delaying quantitative easing, according to records of a January meeting that shed light on how policymakers ‘broadly’ agreed to launch the scheme. Speaking to the January 22 gathering […]

SMEs to benefit from €400m funding launch

Small and medium enterprises will next month have access to €400m worth of funding after the launch yesterday of the long-awaited Strategic Banking Corporation of Ireland (SBCI). The first tranche of the SBCI’s €800m reserves will be made available through […]

Mortgage rules ‘will do nothing’ to slow prices

The Central Bank’s new rules on mortgage lending will do nothing to temper rising house prices but will increasingly open the market to investors at the expense of first-time buyers. House price inflation will not be moderated by the restrictions […]

Venture capital funding to SMEs hits €400m

Venture capital funding to SMEs rose over 40% to €401m last year, the highest level seen for 10 years. More than 80% of monies raised went towards funding company expansion, according to the annual VenturePulse survey from the Irish Venture […]

Home lending to top €5bn

New mortgage lending is expected to top €5bn this year with the Central Bank’s new loan restrictions likely to see drawdowns front-loaded in the first half of 2015. Mortgage approval data released by the Banking and Payments Federation of Ireland […]

‘Paying bond holders saved deposits’

Irish depositors would have lost all their money had the Government burned the bondholders, the ECB president has pointed out in a seven-page letter about the banking crisis. Mario Draghi, replying in detail to a letter from Sinn Féin MEP […]

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