Irish mortgage rates edge higher in February – Central Bank
New figures from the Central Bank show that average mortgage rates in Ireland rose to 4.29% in February from 4.27% in January. The euro zone average mortgage fell for the third month in a row to 3.91%. Today’s Central Bank figures show that Irish mortgage rates are currently the seventh highest in the euro zone, […]
ECB expected to hold rates steady when it meets today
The Governing Council of the European Central Bank (ECB) will consider whether to make any changes to interest rates at a meeting in Frankfurt later today. But markets are not anticipating any alterations at this point, despite steady falls in eurozone inflation. Analysts do expect though that the ECB will begin trimming rates back from […]
60% would turn down a job that does not offer hybrid work
60% of people would turn down a job if it did not offer hybrid working, new data shows. The latest Cpl Salary Guide reveals that 66% of those surveyed currently avail of hybrid working. Almost 40% said that flexible and remote working provides a better work-life balance and increased job satisfaction. “We see from this […]
Euro zone banks lower bar on mortgages but demand keeps falling – ECB
Euro zone banks lowered the bar on mortgage approvals last quarter for the first time in over two years but demand for credit kept falling amid high borrowing costs and a stagnant economy, a European Central Bank survey showed today. The ECB has pushed interest rates to record highs to rein in inflation, bringing bank […]
Supreme Court rules personal injuries awards guidelines legally binding
The Supreme Court has ruled that guidelines on personal injuries awards voted into force by Ireland’s judges three years ago are legally binding and remain in force. In what was a complex but historic decision in relation to personal injuries awards, a seven-judge court dismissed the bulk of issues raised in an appeal brought by […]
Live Register figures ease by 0.2% in March – CSO
New figures from the Central Statistics Office show that the seasonally adjusted Live Register total for March decreased by 400 to 174,500 people – a fall of 0.2%. The CSO said the unadjusted Live Register total stood at 173,396 people for March and of these 54.6% were men. Today’s figures show that the 35-44 age […]
NAMA sought resolution unit as part of wind down
The State’s bad bank asked the Government to set up a ‘NAMA resolution unit’ because there was no way they could finalise all legal cases, insolvency, and property disposals before their official wind-up at the end of 2025. NAMA is due to be shut down at the end of next year but informed the Department […]
Higher level of affinity for family business in Ireland
Nearly three quarters of third level students who come from a family business background believe that the next CEO of the firm will be a family member, according to a study on succession carried out by Dublin City University in association with AIB. The study points to an unusually high level of affinity for involvement […]
Euro zone investor morale hits two-year high in April
Investor morale in the euro zone improved for the sixth consecutive month in April to its highest level in more than two years, a survey showed today, adding that even though Germany remained a drag it showed “economic signs of life”. Sentix’s index for the euro zone rose to -5.9 points in April from -10.5 […]
Record March for wind energy production
The amount of electricity produced by wind hit a new record for March last month, new data shows. 1,541GWh of power was generated by wind farms here during the month. Previously, the record for March was 1,392, with this set in March 2020. This meant that wind energy was responsible for providing 43% of the […]
AIB, EBS and Haven cut fixed Green mortgage rates by 0.2%
AIB and affiliates EBS and Haven are cutting the fixed rates on their “Green Mortgages” by 0.2%. The changes will take place from tomorrow and will be available to new customers and existing customers seeking to fix. The bank claims the move will make its Green Mortgage rates the cheapest in the country. On a […]
Over €25 million stolen in investment fraud last year, say gardaí
Gardaí have said over €25 million was stolen in investment fraud last year, a crime which has increased by over 90%. Almost 1,000 people have reported an investment fraud incident to gardaí over the past four years. Gardaí issued a warning to people to be particularly careful when considering potential investments. More than double the […]
Office leasing in Dublin falls in first quarter
There was a drop in the amount of office space leased in Dublin in the first quarter of the year, new data shows. Research from commercial real estate company JLL Irelands shows that 31 deals were completed, across 96,000 sq. ft of office space. The volume of space is down 44% on the previous quarter […]
Govt publishes bill paving way for pension auto-enrolment
The Government has published a bill which will pave the way for 800,000 workers to be brought into a pension scheme for the first time. Publishing the Automatic Enrolment Retirement Savings System Bill 2024, Minister for Social Protection, Heather Humphreys said this represents one of the biggest reforms of the pension system in the history […]
Service sector grows at fastest pace in eight months
The service sector grew at its fastest pace in eight months in March, new figures show. The latest AIB Purchasing Managers’ Index (PMI) reveals that the index reached 56.6, up from 54.4 in February. Readings above 50 indicate overall growth in activity. “The acceleration in activity was broad-based and points to improving business conditions throughout […]
Euro zone inflation unexpectedly eases, boosting rate cut case
Euro zone inflation fell unexpectedly last month, solidifying the case for the European Central Bank to start lowering borrowing costs from record highs. Consumer price growth in the euro zone slowed to 2.4% in March from 2.6% a month earlier, defying expectations for a steady rate as food, energy and industrial goods prices all pulled […]
Drop in injury claims’ costs but premiums rise by 8% – NCID report
The average cost of settling public and employer liability claims through the Injuries Resolution Board dropped by a third in 2022 compared to 2020, according to a new report. However, average insurance premiums increased by 8% in 2022. The data is in the latest National Claims Information Database (NCID), published by the Central Bank. New […]
Unions join forces in call for major reforms of workers’ rights
Several of Ireland’s largest trade union groups have joined forces calling for a major reform of workers’ rights. The Respect at Work campaign says there should be cross party-political support guaranteeing greater protections for employees in the workplace. SIPTU, the Financial Services Union, Mandate Trade Union and the Communication Workers’ Union are all backing the […]