Government asks Central Bank to ease mortgage deposit rules

THE Government wants the Central Bank to ease the introduction of strict new rules on mortgage borrowing by introducing the changes gradually. In a submission to the Central Bank which will be lodged today, the Department of Finance will offer […]

European stocks fall after Draghi stalls on stimulus

European stocks fell after European Central Bank president Mario Draghi said it will assess the need for further stimulus early next year, putting an end to speculation that it would take more immediate action. Hopes that the central bank would […]

New forecasts from ECB cuts eurozone growth outlook to 1pc

The European Central Bank (ECB) left official interest rates unchanged and at an all time low on Thursday, good news for householders with tracker mortgages. But, ECB president Mario Draghi issued new forecasts cutting the eurozone’s growth outlook for next […]

ECB weighs further action as economic picture darkens

The European Central Bank will make plain the euro zone’s economic malaise after it meets today, with a rare public call from Washington adding to pressure for action to stop the bloc going into reverse. With recovery stalled across many […]

Consumers urged to ‘think twice’ about moneylending loans this Christmas

The Central Bank is urging consumers to “think twice” before taking out additional loans from moneylending firms this Christmas. “Households often have additional expenses at this time of year, and consumers could be tempted to take out additional loans to […]

Surge in jobs key to €1.1bn extra tax for State coffers

Finance Minister Michael Noonan declared it was “a good year for tax” as new figures show the State taking in €1.1bn more than predicted this year. However, the minister’s pleasure at a bumper tax take risks raising the hackles of […]

Irish services sector keeps up robust pace of growth in November – PMI

Irish services sector activity expanded rapidly again in November, suggesting that the economy will finish the year with solid growth. The Investec Purchasing Managers’ Index of activity in the services sector, which covers businesses from banks to hotels, inched up […]

German and British opposition could hurt plan to cut taxes for innovative companies – Finance Minister

Finance Minister Michael Noonan has signalled that German and UK opposition could hamper plans for a so-called “knowledge development box” announced in the Budget. The scheme, which would cut taxes for innovative companies, will be implemented as part of next […]

Decision to end ‘double Irish’ loophole ‘extremely smart’

Leading OECD official says Government decision sent out positive message internationally. The announcement by Ireland that it is ending the so-called “double Irish” tax structure was perceived as “extremely smart”, a leading official from the Organisation for Economic Cooperation and […]

Nama picks up pace of repayments with €1bn bond deal

The National Asset Management Agency will start paying off the second half of its €30.2 billion debt tomorrow with the repayment of a €1 billion bond. The transaction comes as the “bad bank” backs the €150 million redevelopment of the […]

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