Archive for March 2024

The slowdown in the mortgage market is continuing, driven by a declining numbers of switchers and mover purchasers. The latest figures from Banking and Payments Federation Ireland show that just over 3,200 mortgages were approved in January – down almost 12% on the same month last year. Approvals dropped across all customer groups, with the…

Inflation in the euro zone is expected to fall further but the European Central Bank needs more data before starting to cut interest rates, ECB Vice-President Luis de Guindos said today. The ECB has kept rates steady at a record high since September and consistently pushes back on rate cut talk, arguing that wage growth…

CEOs in Ireland are more optimistic than in the previous two years as businesses adjust to geopolitical challenges, a new survey shows. The research carried out by business group Ibec reveals that 87% of respondents rate the outlook for the next six months as ‘good’ or ‘very good’, up from 66% last year. Meanwhile, 91%…

The Governor of the Central Bank has warned of the heightened risk level associated with both the payment and e-money sector and the investment fund sector. Gabriel Makhlouf said concerns about the payment and e-money sector reflect significant control weaknesses found in firms operating in this market, “where their rates of growth and ambition have…