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Saturday 4 September 2010 | ||
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| Weekly Economic Diary Other Publications
| Weekly Economic Diary |
| Weekly Economic Diary 23rd - 27th January 2006 Other Publications
| Weekly Economic Diary 23rd - 27th January 2006 |
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| EXCHANGE RATE MONTHLY JANUARY 2006 Exchange Rate Monthly
| EXCHANGE RTE MONTHLY JANUARY 2006 |
| WEEKLY ECONOMIC DIARY 9TH - 13TH JANUARY 2006 Other Publications
| WEEKLY ECONOMIC DIARY 9TH - 13TH JANUARY 2006 |
| Weekly Diary 19th December - 6th January Other Publications
| Weekly Diary 19th December - 6th January |
| Weekly Economic Diary 12-16 December Other Publications
| Key Releases for the Week 12-16 December 2005 |
| BUDGET 2006 Irish Economy & Financial Markets
| BUDGET 2006 |
| WEEKLY ECONOMIC DIARY 5TH - 9TH DECEMBER 2005 Other Publications
| WEEKLY ECONOMIC DIARY 5TH - 9TH DECEMBER 2005 |
| WEEKLY ECONOMIC ECONOMIC DIARY 28 NOV - 3RD DEC 2005 Other Publications
| WEEKLY ECONOMIC ECONOMIC DIARY 28 NOV - 3RD DEC 2005 |
| WEEKLY DIARY 21ST - 25TH NOVEMBER 2006 Other Publications
| WEEKLY DIARY 21ST - 25TH NOVEMBER 2006 |
| WEEKLY ECONOMIC DIARY 7TH - 11TH NOVEMBER 2005 Other Publications
| WEEKLY ECONOMIC DIARY 7TH - 11TH NOVEMBER 2005 |
| EXCHANGE RATE MONTHLY NOVEMBER 2005 Exchange Rate Monthly
| EXCHANGE RATE MONTHLY NOVEMBER 2005 |
| Weekly Economic Diary 28 October 2005 Other Publications
| Weekly Economic Diary 28 October 2005 |
| THE IRISH HOUSING MARKET OCTOBER 2005 Irish Economy & Financial Markets
| THE IRISH HOUSING MARKET OCTOBER 2005 |
| THE IRISH ECONOMY - QUARTERLY OUTLOOK OCTOBER 2005 Irish Economy & Financial Markets
| THE IRISH ECONOMY - QUARTERLY OUTLOOK OCTOBER 2005 |
| Weekly Economic Diary - 10th October - 14th October 2005 Other Publications
| Weekly Economic Diary - 10th October - 14th October 2005 |
| WEEKLY ECONOMIC DIARY 3RD - 7TH OCTOBER 2005 Other Publications
| WEEKLY ECONOMIC DIARY 3RD - 7TH OCTOBER 2005 |
| weekly economic diary - 26th-30th September Other Publications
| weekly economic diary - 26th-30th September |
| FIXED INCOME MONTHLY MONITOR SEPTEMBER - OCTOBER 2005 Fixed Income Monthly Monitor
| FIXED INCOME MONTHLY MONITOR SEPTEMBER - OCTOBER 2005 |
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| EXCHANGE RATE MONTHLY SEPTEMBER - OCTOBER 2005 Exchange Rate Monthly
| EXCHANGE RATE MONTHLY SEPTEMBER - OCTOBER 2005 |
| WEEKLY ECONOMIC DIARY 19TH - 23RD SEPTEMBER 2005 Other Publications
| WEEKLY ECONOMIC DIARY 19TH - 23RD SEPTEMBER 2005 |
| WEEKLY ECONOMIC DIARY 12TH - 16TH SEPTEMBER 2005 Other Publications
| WEEKLY ECONOMIC DIARY 12TH - 16TH SEPTEMBER 2005 |
| weekly economic diary 5th - 9th September 2005 Other Publications
| weekly economic diary 5th - 9th September 2005 |
| WEEKLY ECONOMIC DIARY 29TH AUGUST - 2ND SEPTEMBER 2005 Other Publications
| WEEKLY ECONOMIC DIARY 29TH AUGUST - 2ND SEPTEMBER 2005 |
| WEEKLY ECONOMIC DIARY 22ND - 26TH AUGUST 2005 Other Publications
| WEEKLY ECONOMIC DIARY 22ND - 26TH AUGUST 2005 |
| Exchange Rate Monthly August-September 2005 Exchange Rate Monthly
| Exchange Rate Monthly August-September 2005 |
| WEEKLY ECONOMIC DIARY 15TH - 19TH AUGUST 2005 Other Publications
| WEEKLY ECONOMIC DIARY 15TH - 19TH AUGUST 2005 |
| Weekly Economic Diary - 8th - 12th August 2005 Other Publications
| Weekly Economic Diary - 8th - 12th August 2005 |
| IRISH ECONOMIC UPDATE AUGUST 2005 Irish Economy & Financial Markets
| IRISH ECONOMIC UPDATE AUGUST 2005 |
| WEEKLY ECONOMIC DIARY 25TH - 29TH JULY 2005 Other Publications
| WEEKLY ECONOMIC DIARY 25TH - 29TH JULY 2005 |
| FIXED INCOME MONTHLY MONITOR JULY AUGUST 2005 Fixed Income Monthly Monitor
| FIXED INCOME MONTHLY MONITOR JULY AUGUST 2005 |
| EXCHANGE RATE MONTHLY JULY/AUGUST 2005 Exchange Rate Monthly
| EXCHANGE RATE MONTHLY JULY - AUGUST 2005 |
| WEEKLY ECONOMIC DIARY 18TH - 22ND JULY Other Publications
| WEEKLY ECONOMIC DIARY 18TH - 22ND JULY |
| WEEKLY ECONOMIC DIARY 11TH - 15TH JULY 2005 Other Publications
| WEEKLY ECONOMIC DIARY 11TH - 15TH JULY 2005 |
| WEEKLY ECONOMIC DIARY 4TH - 8TH JULY 2005 Other Publications
| WEEKLY ECONOMIC DIARY 4TH - 8TH JULY 2005 |
| Weekly Economic Diary - 24th June - 1st July 2005 Other Publications
| Weekly Economic Diary - 24th June - 1st July 2005 |
| EXCHANGE RATE MONTHLY JUNE-JULY 2005 Exchange Rate Monthly
| EXCHANGE RATE MONTHLY JUNE-JULY 2005 |
| Fixed Income Monthly Monitor June - July 2005 Fixed Income Monthly Monitor
| Fixed Income Monthly Monitor June-July 2005 |
| Weekly Economic Diary 20th-24th June 2005 Other Publications
| Weekly Economic Diary 20th-24th June 2005 |
| WEEKLY ECONOMIC DIARY 13TH - 17TH JUNE 2005 Other Publications
| WEEKLY ECONOMIC DIARY 13TH - 17TH JUNE 2005 |
| WEEKLY ECONOMIC DIARY 6TH - 10TH JUNE 2005 Other Publications
| WEEKLY ECONOMIC DIARY 6TH - 10TH JUNE 2005 |
| WEEKLY ECONOMIC DIARY 30TH MAY - 3RD JUNE 2005 Other Publications
| WEEKLY ECONOMIC DIARY 30TH MAY - 3RD JUNE 2005 |
| WEEKLY ECONOMIC DIARY 30TH MAY - 3RD JUNE 2005 Other Publications
| WEEKLY ECONOMIC DIARY 30TH MAY - 3RD JUNE 2005 |
| EXCHANGE RATE MONTHLY MAY 2005 Exchange Rate Monthly
| EXCHANGE RATE MONTHLY MAY 2005 |
| EXCHANGE RATE MONTHLY MARCH/APRIL 2005 Exchange Rate Monthly
| Interest rate differentials are once again dominating forex markets. The risk of more aggressive policy action from the Federal Reserve threatens a dollar rally which could force a test of $1.28 in USD/EUR. However, we believe that the euro should find support at this level. In the absence of any notable upside surprises on either the US growth or interest rate front, the scope for more significant dollar breaks to the upside seem limited. The problem of the US twin deficits remains central to our view that dollar sentiment will continue to be fragile over the course of 2005. |
| Weekly Economic Diary 14th - 18th February 2005 Other Publications
| Weekly Economic Diary 14th - 18th February 2005 |
| Dollar Under Pressure on Eve of US Presidential Poll Exchange Rate Monthly
| Dollar Under Pressure on Eve of US Presidential Poll |
| Long Iraqi War Risks Global Recession Euro Economy & Financial Markets US Economy & Financial Markets
| The risks of a long war in Iraq could push the global economy back towards the brink of recession. |
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| Global Economic Recovery Depends on US Rebound US Economy & Financial Markets
| A recovery in the US economy is a key ingredient in the prevailing view that there will be an upturn in the global economy in the second half of 2003. |
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| ECB Should Deliver Cut of 0.5% on Thursday Euro Economy & Financial Markets
| The ECB should deliver a rate cut of 0.5% on Thursday. |
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| Fed to Hold Rates For Now US Economy & Financial Markets
| The US Federal Reserve’s Open Market Committee (FOMC) meets on Tuesday and Wednesday to consider US interest rate policy. |
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| Sterling Under Pressure UK Economy & Financial Markets
| The fall in the value of the US dollar has been wide ranging, leading to a rise in the value of sterling to over $1.60 for the first time since early 2000. However, compared with the rise in the euro against the US dollar, sterling has underperformed. |
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| Dollar to Turn with US Economic Recovery US Economy & Financial Markets
| The dollar has weakened and may soften further in the event of war with Iraq. However, a recovery should come as the US economy strengthens in 2003. |
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| Public Spending Cutbacks First Stage of Budget 2003 Irish Economy & Financial Markets
| The Public Services Spending Estimates for 2003 published last week by the Minister for Finance were the first installment of the budget arithmetic for next year and set out the bulk of the government’s spending plans. |
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| Focus on Central Bank Meetings Euro Economy & Financial Markets US Economy & Financial Markets
| Central bank meetings dominate this week, with markets betting on a wave of rate cuts from the Fed, Bank of England and ECB. |
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| Further Euro Appreciation against US Dollar Limited Euro Economy & Financial Markets
| Despite the improvement in equity markets and the flow of economic data, the major currencies have remained in tight ranges in recent months. Since the dollar’s recovery from its mid-year low of $1.02, movement in the dollar/euro rate has been confined to a $0.95-$1.00 range. |
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| Prodi Stuns Markets With “Stupid” Remark on EU Stability Pact Euro Economy & Financial Markets
| There was a great deal of surprise and indeed shock around the capitals of the EU and in the European Commission over the remarks on Thursday by the President of the EU Commission, Romano Prodi, that the Stability and Growth Pact (SGP) was “stupid”. This article appeared in last Saturday's Irish Times. |
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| Government Spending Boosted Irish GDP Growth in 2001 Irish Economy & Financial Markets
| Figures published by the Central Statistics Office (CSO) last week confirmed that the Irish economy experienced a sharp slowdown in the rate of growth compared with 2000. Real GDP grew by 5.7% in 2001..... |
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| Markets Believe ECB will Deliver on Rates Euro Economy & Financial Markets
| The European Central Bank’s Governing Council meets again on Thursday for its monthly review of interest rate policy. The markets do not expect that the ECB will cut the official refinancing rate of 3.25% this week |
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| Deflation Fears Stalk Major Economies US Economy & Financial Markets
| The major economies are suffering from decling producer prices, raising fears of deflation..... |
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| Room for ECB Rate Cut Euro Economy & Financial Markets
| Financial markets are still clinging to the view that the ECB will be forced to cut official eurozone interest rates before the end of the year. The euro economy needs a cut and the ECB may oblige. |
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| Euro Economy Needs Interest Rate Cut Euro Economy & Financial Markets
| The weakness of the euro economy points to lower interest rates but will the ECB oblige?..... |
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| Irish Companies Face Tough Cost Environment Irish Economy & Financial Markets
| With falling output prices and sharply rising input prices, Irish industry is facing a tough year. |
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| Europe Unlikely to Follow any US Action on Interest Rates Euro Economy & Financial Markets US Economy & Financial Markets
| With the focus on today’s US Federal Reserve’s interest rate policy meeting, markets are also wondering about the scope for interest rate cuts in Europe in the months ahead. It is very unlikely that the Fed will cut official interest rates today...... |
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| Irish Economy to Grow by 4% in 2002 Irish Economy & Financial Markets
| The latest data from the Central Statistics Office, published last week, show that the Irish economy rebounded from the weak position reached at the end of 2001. Real GDP grew by 2.9% year-on-year in the first quarter of 2002.
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| DOLLAR WEAKNESS MAY NOT PERSIST US Economy & Financial Markets
| The dollar is suffering a bout of negative market sentiment but US economic fundamentals are still favourable..... |
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| Weak Irish Income Tax Causes Concern Irish Economy & Financial Markets
| There has been a lot of commentary in the media recently about a crisis in the Irish public finances and black holes in government revenue..... |
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| Moderate Pay Settlements Key to Job Creation Irish Economy & Financial Markets
| The latest labour market statistics show strong employment growth but much of this was in the public sector. Private sector job creation is slowing rapidly and the outlook will depend on future pay settlements......
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| Central Banks put their Credibility on Line Euro Economy & Financial Markets
| The financial markets had expected that at this stage of 2002, central banks would have taken back some of the interest rate reductions implemented in 2001...... |
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| New Government Must Set Medium Term Fiscal Targets Irish Economy & Financial Markets
| With the general election over, the new government will have the difficult task of managing the public finances over the next five years........ |
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| ECB Turns UP Pressure on Interest Rates Euro Economy & Financial Markets
| The ECB has become increasingly concerned in recent weeks about the prospects for inflation....... |
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| Economic Outlook to Determine Electoral Promises Irish Economy & Financial Markets
| The election debate to date has been dominated by the economy and the outlook for the public finances. . . . . . |
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| Political Commitments on Irish Budgetary Policy Difficult to Deliver Irish Economy & Financial Markets
| Commitments not to raise taxes in the next few years are inconsistent with the deteriorating outlook for the public finances. |
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| Higher Oil Prices Could Delay Interest Rate Increases US Economy & Financial Markets
| Higher oil prices pose a threat to the global economic recovery and could delay the expected official rate increases in the US. |
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| Japan Requires Reforms for Economic Recovery Japanese Economy & Financial Markets
| There is growing evidence of recovery in the world economy but Japan remains in the doldrums. |
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| Euro at risk From German Budget Deficit Euro Economy & Financial Markets
| The euro is at risk from the weakness of the German economy and from German efforts to avoid the terms of the Stability and Growth Pact. |
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| Euro at Risk from German Budget Deficit Euro Economy & Financial Markets
| The euro is at risk from the poor performance of the German economy and from the actions to avoid its obligations under the Stability and Growth Pact. |
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| ECB May Not Cut Rates Again Euro Economy & Financial Markets
| The room for a rate cut by the ECB is diminishing but there is little chance of a rate hike. |
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| EURO ON THE ROPES Euro Economy & Financial Markets
| The euro is under pressure, having fallen below key chart points. However, more fundamental factors are at work, many of which are not new |
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| Long Political Road for Sterling to Euro Entry UK Economy & Financial Markets
| UK media interest in the euro has faded. There is a long political road ahead before sterling joins the euro. |
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| Dollar holds High Ground Against Euro Euro Economy & Financial Markets
| This is the text of an article which appeared in today's Irish Times. |
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| Dollar holds High Ground Against Euro Euro Economy & Financial Markets
| This is the text of an article which appeared in today's Irish Times. |
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| Dollar holds High Ground Against Euro Euro Economy & Financial Markets
| This is the text of an article which appeared in today's Irish Times. |
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| Irish Economy Descends to Medium Term Growth Path Irish Economy & Financial Markets
| The rate of economic growth in Ireland is slowing rapidly. However, it was inevitable that rates in excess of 10% could not be sustained. Despite the short term pain, the medium term outlook is positive. |
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| FED POISED FOR FUTHER CUTS US Economy & Financial Markets
| Following the latest cut by the Fed, further reductions are in the pipeline |
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| The UK and the Euro: 5 economic tests and a few more besides UK Economy & Financial Markets
| The markets have begun to focus on UK entry to the euro. However, apart from the Treasury's 5 economic tests there are a number of other obstacles. |
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| Nice Treaty - Don't Shoot the Messenger Irish Economy & Financial Markets
| The rejection of the Nice Treaty by the Irish electorate will be misunderstood abroad. the Irish are not against enlargement but have concerns about the management of the EU |
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| FED SHOWS CONCERN ABOUT HEALTH OF US ECONOMY US Economy & Financial Markets
| The Fed's latest cut in the Fed funds rate to 4% will not be the last. The Fed appears to be more concerned than the markets about the health of the US economy. |
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| ECB TAKES FIRST STEP TOWARDS NEUTRAL STANCE Euro Economy & Financial Markets
| The ECB's decision to cut interest rates last Thursday to 4.5% represented a first step towards bringing the official refinancing rate to a more neutral level of 4.25%. |
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| ECB STICKS TO HARD LINE ON RATES Euro Economy & Financial Markets
| Despitre the surprise cut in US interest rates on 18April, the ECB is in no mood to concede to market pressure to follow the Fed's lead. |
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| ECB NOT IN FORM TO LISTEN Euro Economy & Financial Markets
| The ECB left interest rates unchanged last week. However, a rate cut before the end of the current quarter is still possible. |
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| IRISH ECONOMY TO GROW BY 7% IN 2001 Irish Economy & Financial Markets
| The pace of Irish economic growth is moderating to a more sustainable medium term rate. following last year's torrid rate of growth in real GDP of 11%, the economy will expand by about 7% in 2001. |
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| Focus on Irish Public Finances: First Quarter Below Target Irish Economy & Financial Markets
| Irish Exchequer data for the first quarter showed weakness on the revenue side as the economy slows. However, spending is growing strongly. |
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| EURO WEAKENS AS ECB LEAVES RATES UNCHANGED Euro Economy & Financial Markets
| The decision by the European Central Bank to leave official rates unchanged last week lacked credibility with the financial markets. The odds are turning against a rate cut on 11 April. |
| ECB TO TAKE LESSONS FROM THE FED Euro Economy & Financial Markets
| The ECB Governing Council meets on Thursday to consider interest rate policy. It may be too early for a cut this week but one should come by 11 April. |
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| EYES ON THE FED US Economy & Financial Markets
| The US Fed's FOMC meets today to review US interest rate policy. A cut of between 0.5-0.75% is expected. |
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| EURO FACE A ROUGH ROAD AHEAD Euro Economy & Financial Markets
| The euro has failed to capitalise on the weakness of the US economy. |
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| IRISH ECONOMY SHINES AMID INTERNATIONAL GLOOM Irish Economy & Financial Markets
| Latest official data show the strength of the Irish economy in 2000.The economy grew by 11.8% in the first half of the year. |
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| FED RATE CUTS WILL FORCE HAND OF ECB ANS MPC Euro Economy & Financial Markets
| If, as expected, the US Federal Reserve cuts interest rates again at the end of January, the pressure will mount on the ECB and the UK's MPC to follow. |
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| SOME OBSERVATIONS ON THE FED'S DECISION TO CUT US INTEREST RATES US Economy & Financial Markets
| The Fed's decision to cut interest rates on 3 January was almost certainly triggered by the sharp downturn in the manufacturing sector. |
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AIB GROUP TREASURY BOND RESEARCH - INVESTMENT STRATEGY 2001
| This report was produced by AIB Group Treasury Economic Research Unit on behalf of the Primary Dealer Unit. The report is available on www.aibbonds.com. |
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| SOFT LANDING MAY ELUDE US ECONOMY IN 2001 US Economy & Financial Markets
| the US economy is likely to grow by no more than 2.5% in 2001 which would constitute a hard landing, though a meaningful recession is expected to be avoided. |
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| FED HAS FURTHER TO GO ON INTEREST RATES US Economy & Financial Markets
| The decision by the US Federal Reserve to cut interest rates by 0.5% on 3 January is likely to be repeated at end month. |
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| Irish Economy Faces Some Competitiveness Losses in 2001 Irish Economy & Financial Markets
| The Irish economy remains very strong as shown by recent retail sales statistics. however, the international climate is deteriorating and the Irish economy is set to lose some competitiveness in 2001. |
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| UK's EURO ENTRY STILL LONG WAY OFF UK Economy & Financial Markets
| UK entry to the euro is still a long way off and is unlikely to occur within the next five years. |
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| INTEREST RATES ON HOLD IN MAJOR ECONOMIES Euro Economy & Financial Markets
| It is likely that we will see out the rest of the year with interest rates unchanged in the major economies. |
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| IRISH INFLATION TO PEAK AT 7% Irish Economy & Financial Markets
| Irih inflation has yet to peak but is expected to do so this month.The worst is behind us and a deceleration should occur in 2001. |
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| MORE REQUIRED TO LIFT EURO HIGHER Euro Economy & Financial Markets
| The euro has been supported by intervention and by the slowdown in the US economy. However, a strong growth performance in the eurozone will be required if the currency is to make further progress. |
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| ECB INTERVENES UNILATERALLY ON EURO Euro Economy & Financial Markets
| The ECB intervened through the day to support the euro. In the short term, the action had little effect on rates. However, it does demonstrate that the ECB intends to put a floor under the euro. |
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| EURO INTEREST RATES HAVE FURTHER TO GO Euro Economy & Financial Markets
| With the ECB focused on the outlook for inflation in the eurozone, the risk remains that interest rates will go higher. |
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| IS THE CELTIC TIGER HEADING FOR BUBBLE TROUBLE? Irish Economy & Financial Markets
| This is the central question addressed in our latest Quarterly Economic Focus, Autumn 2000. The long period of strong growth accompanied by low inflation appears to have ended. Growth will remain very strong in the short term at over 10% but a period of slower growth lies beyond 2000. The risks of overheating have increased but we remain convinced that the economy will achieve a soft landing. The Quarterly also contains our latest interest rate and exchange rate forecasts to 2004. |
| IRISH POUND AT PARITY OUTSIDE EURO? Irish Economy & Financial Markets
| Membership of the euro is irrevocable. Had Ireland remained outside the euro Irish interest rates would be over 8% but the Irish pound could be at parity with sterling. A version of this article appears in the latest issue of FINANCE. The article also appears in our latest Quarterly Economic Focus. |
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| CENTRAL BANKS TARGET INFLATION EXPECTATIONS US Economy & Financial Markets
| In their deliberations last week the US Federal Reserve and the ECB focused on the need to control inflation expectations. |
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| IRISH COST COMPETITIVENESS TO IMPROVE IN 2000 Irish Economy & Financial Markets
| Despite the higher growth in unit wage costs in Ireland in 2000, our relative competitiveness will actually improve thanks to the weakness of the euro. |
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| IRISH RETAIL SALES CRASH IN JULY Irish Economy & Financial Markets
| Irish retail sales fell in July over June largely due to a sharp fall in garage sales. Overall, however, still on course for growth in excess of 10% in 2000. |
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| IRISH CENTRAL BANK WARNS ON INFLATION AS GROWTH RATE EXCEEDS 10% Irish Economy & Financial Markets
| In its latest quarterly bulletin , the Irish Central Bank forecasts real GDP growth of 10.25% in 2000 and 8.75% in 2001. Inflation is forecast at 5.5% in 2000 and 4% in 2001. |
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| ECB GAINS FED SUPPORT FOR EURO INTERVENTION Euro Economy & Financial Markets
| The ECB gained the support of the US Fed and the Bank of Japan for concerted intervention to support the euro. Text of article which appeared in Irish Times, Saturday 23 September. |
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| EURO UNDER PRESSURE BUT RECOVERY IS IN THE WIND Euro Economy & Financial Markets
| The euro remains under pressure with the growing risk that it could fall below $0.80. However, a euro in free-fall is bad news for the US and Japan so that concerted support could be around the corner. |
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| EURO FACES TOUGH TEST IN SEPTEMBER Euro Economy & Financial Markets
| The euro faces a tough test in September as the markets shake off the summer holidays. Danish referendum at end-month will be crucial for euro. |
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| EURO ON THE SLIDE Euro Economy & Financial Markets
| The euro has hit new lows against the yen and is set to fall further against the US dollar. |
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| Irish Economic Indicators Point to Record Year for Economic Growth Irish Economy & Financial Markets
| Latest retail sales and trade data suggest that the rate of economic growth this year could be a record. |
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| Euro Weakness A Further Threat To Irish Inflation Irish Economy & Financial Markets
| Further euro weakness will pose additional problems for Irish inflation, as will higher euro interest rates.This article also appears in today's business section of the Irish Times. |
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GDP Growth of 10.25% and Average Inflation Rate of 5.25% Forecast by DOF
| In its annual Economic Review and Outlook for 2000, published today, the Department of Finance forecasts that real GDP will grow by 10.25% in 2000. The Department also expects the average rate of inflation to be 5.25% this year.This forecast is too optimistic. |
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| US Interest Rate Policy Has Important Implications For Irish Economy Irish Economy & Financial Markets
| The US Federal Reserve's FOMC meets today to decide on US interest rate policy. Rates are expected to be left unchanged. A soft landing for the US economy is important for Irish economic prospects. |
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| EURO SUFFERS RENEWED WEAKNESS Euro Economy & Financial Markets
| The euro has suffered renewed weakness as it falls below $0.90. |
| IRISH ECONOMY MUST REMAIN COMPETITIVE TO SUSTAIN GROWTH Irish Economy & Financial Markets
| The Irish economy has become more open over the past decade with exports approaching 100% of GDP. If we are to sustain non-inflationary growth over the medium-term, we must protect our international competitiveness. |
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| SOCIAL PARTNERS LOOK TO BUDGET 2001 FOR COMPENSATION ON INFLATION Irish Economy & Financial Markets
| The government has finally acknowledged that the average rate of inflation in 2000 will be between 4.75-5.25%. Based on trends to date, it is difficult to see how the average increase this year will be below 5.25%. |
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| US GDP DATA HURT EURO Euro Economy & Financial Markets
| The latest US real GDP data for Q2'00 were stronger than expected and pushed the euro lower. The ECB meets this week and may have to lift rates. |
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| LOWER IRISH INFLATION REQUIRES STRONGER EURO Irish Economy & Financial Markets
| Measures to defer price increases in Ireland will have little lasting impact on the CPI. The road to lower inflation in Ireland lies in a significantly stronger euro. |
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| IRISH INFLATION TO AVERAGE 5.3% IN 2000 AND 3.3% IN 2001 Irish Economy & Financial Markets
| After today's CPI rise of 5.5% year-on-year in June 2000, inflation should peak at 6% in Sept./Oct. and average 5.3% for the year. The average rate of inflation in 2001should be about 3.3%. |
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| Irish Inflation Rises to 5.5% Irish Economy & Financial Markets
| The rise in the annual rate of inflation to 5.5% in June constitutes less of a longer term problem than the ongoing rise in residential property prices. |
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| Upbeat Tankan Survey No Green Light for Bank of Japan Japanese Economy & Financial Markets
| The latest Tankan survey results have fuel speculation that the Bank of Japan will shortly end its zero interest rate policy, though a rate move as soon as the next meeting on 17 July seems unlikely. |
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| Bank of England to Follow Fed’s Lead UK Economy & Financial Markets
| It is a busy week with a host of economic data due for release and a number of key central bank meetings taking place. The Bank of England’s Monetary Policy Committee (MPC) meets on Wednesday and Thursday and the most likely outcome is that rates will remain on hold at 6.00%. |
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| Fed to Take Time-Out This Week US Economy & Financial Markets
| The US Federal Reserve’s policy setting committee, the FOMC, meets tomorrow and Wednesday to discuss US monetary policy. The outcome and any accompanying statements from the Fed will have implications for future interest rate and exchange rate trends. |
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| PRESSURE ON HOUSING MARKET TO PERSIST Irish Economy & Financial Markets
| The need for a third Bacon report highlights the difficulties in restoring order to the Irish housing market. |
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| Minister for Finance's Speech in Relation to the Housing Market Irish Economy & Financial Markets
| The speech by the Minister for Finance on stamp duty changes relating to the housing market. |
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| Irish Inflation Tops 5% in May Irish Economy & Financial Markets
| While Irish inflation has risen sharply in recent months, the options open to the government to tackle this problem are limited. However, cutting indirect taxes and a re-negotiation of the national wage agreement are not long-term solutions. |
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| ECB TURNS NASTY BUT GOOD NEWS FOR IRISH ECONOMY Euro Economy & Financial Markets
| The ECB surprised the markets with a rise of 0.5% in the refi rate today. It also moved to a variable rate tender. We see little economic justification for the move but it will be good news for Irish inflation if the euro holds on to its recent gains. |
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| EURO OUT OF THE WOODS Euro Economy & Financial Markets
| The euro appears to have turned the corner as sentiment improves about the prospects for the euro economy and as economic risk increases in the US. |
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| EURO MEMBERSHIP IN IRELAND'S INTEREST DESPITE SHORT TERM INFLATION RISKS Irish Economy & Financial Markets
| Romano Prodi's comments about the possibility of a country leaving the euro could spark some ideas of Ireland leaving in order to reduce its inflation rate. |
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| IRISH GDP GROWTH IN THIRD QUARTER OF 1999 WAS NOT A RECORD Irish Economy & Financial Markets
| The reported year-on-year rise in Irish real GDP of 11% in the third quarter of 1999 was not a record.The GDP report published by the CSO on 22 May did not take account of significant revisions to the balance of payments which had been published on 12 May. Including these revisions, the annual growth in real GDP in the third quarter of 1999 would have been reduced to 9.1%. |
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| THE OUTLOOK FOR THE IRISH ECONOMY Irish Economy & Financial Markets
| Presentation made by JOHN BEGGS, CHIEF ECONOMIST, AIB GROUP TREASURY at the INSURANCE INSTITUTE OF IRELAND Annual National Conference, Galway, 19 May 2000. |
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| IRISH INFLATION RISES TO 4.9% IN APRIL 2000 Irish Economy & Financial Markets
| The Irish rate of inflation continued to rise in April to an annual rate of 4.9%.This will test the durability of the pay terms of the PPF. However, if left unchecked, inflation should fall towards 2.5% in the course of 2001. |
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| US Fed Meets To Decide On Rate Hike US Economy & Financial Markets
| The US Fed's FOMC meets today to consider the appropriate stance of US monetary policy. A rate hike of at least 025% is expected and there is every possibility of a rise of 0.5%. |
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| Sterling's Weakness Versus US Dollar Provides Some Relief To Irish Importers UK Economy & Financial Markets
| Sterling's weakness versus the US dollar has offset some of the euro's fall against the dollar. However, the ECB's statement on the euro shows that interest rates are still seen as the main short term prop for the ailing currency. euro |
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| ECB Statement On The Euro Euro Economy & Financial Markets
| In a somewhat unusual move, the ECB President, Wim Duisenberg, issued a press release commenting on the performance of the euro. This press release aims at reassuring the public of the euroarea over the current weakness of the euro. |
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| ECB Should Intervene To Show Intent On Euro Euro Economy & Financial Markets
| The euro is in danger of a fall to below $0.85 unless the ECB intervenes to make the market less predictable. |
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| Euro Weakness Sparks Fresh Fears For Irish Inflation Irish Economy & Financial Markets
| The further decline in the value of the euro risks pushing the Irish rate of inflation towards 5%. |
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| Euro Faces A Bleak Outlook Euro Economy & Financial Markets
| Unnecessary ECB rate hike yesterday pushed euro lower. More falls are in prospect, implying a fall in the sterling/Irish pound rate to below 70p. |
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| Irish Economy Benefits From Easy Monetary Conditions Irish Economy & Financial Markets
| Despite expectations that the ECB could raise official interest rates again as early as Thursday the Irish economy continues to benefit from a very accommodative monetary stance. |
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| Irish CPI Rises By 4.6% in March 2000 Irish Economy & Financial Markets
| The Irish CPI rose by 4.6% in March 2000. For the euro area, the average rate was 2.1%. |
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| Euro Fails to Gain from US Equity Market Turmoil Euro Economy & Financial Markets
| The euro failed to gain from the weakness of US equities and is now under pressure as US equities recover. However, lack of market credibility in the ECB is another factor which weighs on the euro. |
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| Double Blow for "New Economy" as US Inflation Rocks Equities US Economy & Financial Markets
| The "New Economy" suffered a double blow on Friday with higher than expected US inflation and a sharp fall in equities. US stock correction offers some support to euro but G7 refrains from euro comment. |
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| ECB remains in hawkish mood on rates Euro Economy & Financial Markets
| The European Central Bank left its key interest rates unchanged yesterday but it is only a matter of time before the official refinancing rate is raised to 3.75% |
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| Nasdaq Weakness Bad News for Europe US Economy & Financial Markets
| Currency charts suggest that the strength of the US dollar since the start of 1999 has been positively associated with the strong performance of the Dow Jones in 1999 and more recently in 2000 with the trend in the Nasdaq. |
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| ECB Looks to Irish Government to Tackle Inflation Irish Economy & Financial Markets
| The President of the European Central Bank, Wim Duisenberg, was invited to comment on Irish inflation at last week’s press conference at the end of the Governing Council meeting. |
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| New National Programme to Deliver Real Basic Pay Rises Irish Economy & Financial Markets
| The acceleration in the Irish rate of inflation to 4.3% in February could not have come at a worse time. With the trade unions about to ballot on the pay and non-pay elements of the Programme for Prosperity and Fairness (PPF), the rise in the rate of inflation appears to threaten the real value of the 15.75% cumulative increase in basic pay rates under the draft agreement. |
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| UK Continues to Prepare for Euro Entry UK Economy & Financial Markets
| The UK government published its second national changeover plan for the euro last week. The plan outlines the schedule for the UK joining the euro. The entire process is expected to take about 3 years from the point at which a decision is made to call a referendum to the introduction of euro notes and coins. Opposition to the UK joining the euro is very strong with negative public opinion outweighing support for joining the euro by about 30%. |
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| ECB Hardens Stance on Euro Interest Rates Euro Economy & Financial Markets
| The European Central Bank left official interest rates unchanged at its Governing Council meeting on 2nd March. However, the ECB President Wim Duisenberg left the markets in little doubt as to the next move in rates. The Bank’s Governing Council concluded that the balance of risk to price stability in the euro area in the medium term remains on the upside. The President stated that these upside risks will need to be monitored and assessed continuously in order to ensure that timely action can be taken, if and when required. |
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| Sizzling US Economy Heading for Higher Interest Rates US Economy & Financial Markets
| When Alan Greenspan, the Chairman of the US Federal Reserve, delivered his semi-annual Humphrey-Hawkins testimony to Congress on 17 February and again on 23 February he spoke about the need to correct the imbalance between demand and supply in the US economy. Alan Greenspan primarily focused on the tightness in the labour market, which poses a threat to the supply potential of the US economy and on the impact of the wealth effect in boosting consumer demand and investment spending. |
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