Mortgage moves contradict Irish Central Bank policy

Government intervention on standard variable-rate mortgages is a middle-class plea bargain that contradicts Central Bank policy on curtailing credit, a leading analyst has claimed. Lowering standard variable rates will inevitably add further credit to the system by reducing the stress […]

Total Produce raises guidance

Total Produce has increased its full-year earnings guidance on the back of a good start to the year. The Dublin-based international fruit distributor yesterday said it is now aiming for full-year adjusted earnings per share around the upper half of […]

Central Bank rules ‘will stem bubble’

The number of mortgage loans drawn down by home buyers has rebounded to their highest level for seven years, but new Central Bank restrictions on lending will likely stem any new credit-fuelled house price boom, analysts predict. New figures from […]

British EU exit wouldn’t ‘make a difference’

One of the titans of British industry has dismissed fears over the UK’s possible EU exit with its chief executive describing claims of potential jobs losses as scaremongering. JCB chief Graeme MacDonald said a British exit would not make “one […]

Slowdown in US economy puts pressure on dollar

The marked strengthening of the dollar, evident over the second half of 2014, continued in the early part of 2015, writes Oliver Mangan. The US currency gained around 13% against the euro and 6.5% versus sterling between the end of […]

Permanent TSB raises unsecured debt for first time in eight years

Permanent TSB said today it had raised €300m of debt by way of a three year Senior Unsecured Medium Term Note. This is the first time in eight years that the bank has raised unsecured debt on the market. Permanent […]

Lack of finance ‘hitting construction’

Overwhelming positivity over the future of the construction industry is being tempered by a severe lack of finance with almost two-thirds of industry leaders citing it as the biggest impediment to growth. More than 60% of construction sector business leaders […]

ECB ‘content’ with bond scheme

The European Central Bank is satisfied with the effects of its bond-buying programme on the economy and inflation and has no intention of ending it prematurely, ECB executive board member Yves Mersch has said. In March, the ECB started buying […]

Ireland told to cut deficit as Britain escapes sanction

Britain should get an extra two years to reduce its budget deficit, despite its failure to comply with a five-year-old decision to cut its government spending deficit. Ireland is among the states told to continue on its current path, reducing […]

ECB concerned about in-fighting in Greece

The ECB is increasingly concerned by a deteriorating relationship between the Greek government and the country’s central bank, according to sources, Recent government comments targeting the Bank of Greece have been noted at the Frankfurt-based ECB, which is responsible for […]

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