Posts By: admin

ECB says rates to stay at record low for extended period

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.

Property prices down 1.1% in the year to May – CSO

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 »

Banks giving marginally more loans to SME sector

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 »

Fears over Euro zone inter-bank lending

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