The European Central Bank will keep interest rates at record lows for an extended period and could yet cut them further, the bank’s chief Mario Draghi said today. For the first time in its history, the ECB gave forward guidance on its interest rate policy at today’s news conference in Frankfurt.
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IRELAND’s services sector enjoyed growth for an 11th successive month in June, with the pace of expansion accelerating.
German Chancellor Angela Merkel has given her first reaction to the leaked Anglo Irish Bank phone conversations, saying she regards the content of the tapes with contempt. The Chancellor was asked for her reaction to the ongoing revelations about the bank at the end of the first day of an EU summit in Brussels. The… Read more »
Continued signs of stabilisation in the property market are apparent in the latest property price index from the Central Statistics Office. The numbers indicate residential property prices nationally fell by 1.1% in the year to May. That compares to a fall of 15.3% in the year to May 2012. An increase of 0.3% was recorded… Read more »
THE banks are approving more loans for small businesses, but with more strings attached than before, a new report has found. The survey for the Department of Finance shows the rate of SME loans being approved in full rose to 59pc in the six months to the end of March compared with 56pc last September…. Read more »
An influential former ECB official has called on European Union leaders to put further integration on hold for up to five years, work out where they want to take the project, and decide who should still use the euro. Former European Central Bank chief economist Juergen Stark also said the EU should take on board… Read more »
NAMA is “monitoring closely” the increasingly bitter takeover battle for 16 former Treasury Holdings buildings in Dublin and Cork, the Irish Independent has learned.
Euro zone banks are refusing to lend to peers in other countries in the common currency bloc, according to data analysed by news agency Reuters.The figures signal a worrying fall in confidence that appears to have worsened since the Cyprus bailout earlier this year. In a trend that could reignite fears
The euro zone’s current account surplus jumped to €19.5 billion in April, according to the latest data from the European Central Bank.
IRELAND will benefit more than any other European country except Britain if the European Union and United States hammer out a new trade deal, a leading German think-tank says.