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Topic of the Day: Archived Editions
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5 January 2009
BoE Watch - January '09
BOE REMAINS IN AN AGGRESSIVE MOOD: The Bank of England cut official interest rates by a further 1.0% at its December policy meeting. That interest rates have been cut by a cumulative 3% in the eight weeks from early October to 4th December high... |
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17 December 2008
Fed Watch - FED RATES NEARING ZERO
The US Federal Reserve cut its key interest rate, the Fed funds rate, to a target range of 0 to 0.25 per cent from 1%, at the conclusion of its FOMC policy meeting yesterday. This takes the Fed funds rate down to its lowest ever level since it w... |
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4 December 2008
ECB TO CUT RATES TO 1.5%
The European Central Bank cut rates by 0.75% to 2.5% today, bringing the total reduction in official rates in the eurozone to 1.75% in the past two months…. |
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28 November 2008
Bank of England Watch - December 2008
The Bank of England has stepped up its campaign to limit the depth and duration of a UK recession, slashing rates by 1.50% at its November policy meeting...... |
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6 November 2008
BoE Watch SPECIAL - 6 Nov 08
BoE Slashes Rates by 1.50%.....With More to Come!: The Bank of England’s Monetary Policy Committee cut interest rates by a much larger than expected 1.50% today, leaving official rates at 3.0%, their lowest level for over 50 years…… |
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4 November 2008
BoE Watch - November 2008
Responding to the deepening crisis on credit and financial markets, as well as a further deterioration in the prospects for the UK economy, the Bank of England cut interest rates by 0.50% on 8th October as part of a coordinated round of policy e... |
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1 October 2008
BoE Watch - October 2008
BoE EDGING TOWARDS RATE CUT: At its September policy meeting the Bank of England’s policy committee elected to leave the Bank Rate on hold for the fifth consecutive month. We expect another unchanged result when the committee meets next week. . . . . |
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4 September 2008
ECB Watch - 4th September '08
ECB IN NO MOOD TO CUT RATES AT PRESENT: Top European Central Bank officials have been going out of their way in the past fortnight to quash rate cut speculation and instead have been warning that they remain very concerned about the upside risks... |
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26 August 2008
BoE Watch - September '08
BOE CONSTRAINED BY INFLATION: The Bank of England is expected to leave monetary policy on hold for the fifth month running when it concludes its September meeting next week. The MPC cut interest rates by a cumulative 0.75% between December 2007 ... |
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29 July 2008
Bank of England Watch
UK RATES SET TO REMAIN ON HOLD: Events over the past month leave us more convinced that UK rates remain on hold for now, with a no change announcement anticipated next week. We still see the next move in rates as being downward, though this is ... |
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3 July 2008
ECB HIKES RATES BY 0.25%
The European Central Bank increased interest rates by 0.25% to 4.25% at its policy meeting today. The decision had been well signalled by the ECB over the past month and thus came as no surprise to the markets. It was the first change in officia... |
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19 June 2008
Irish Economic Update - June 2008
The Irish economy has entered a challenging phase after a prolonged period of strong growth. In this report we examine the current state of the economy and how it is likely to perform in the next couple of years. We look at Irish economic growth... |
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29 May 2008
BANK OF ENGLAND WATCH - JUNE '08
INFLATION CONCERNS RULE OUT PROSPECT OF NEAR TERM RATE CUTS : The Bank of England left interest rates on hold at 5.00% at its May policy meeting. The minutes of that meeting and the May Quarterly Inflation Report (QIR) indicate that, after thr... |
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1 May 2008
Further Rate Cuts Anticipated as Credit Crunch Tightens Its Grip
The Bank of England cut interest rates by 0.25% to 5.00% at its April policy meeting. In cutting rates the MPC once again highlighted the dilemma it faces given elevated inflation expectations and downside risks to growth. However, it also ack... |
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21 April 2008
Oil Market Update
Oil prices continue to make new highs. After having been propelled through the $100/barrel barrier in February, US light crude is now trading above $115/barrel. There are many factors driving up oil prices. The current level, though, appears to ... |
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10 April 2008
ECB WATCH - April 2008
ECB HOLDS FIRM: The European Central Bank again left interest rates unchanged at its policy meeting today. The decision to leave rates on hold at 4% was expected and means that rates now have been unchanged since June 2007. The continuing diffic... |
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3 April 2008
Growing Risk of an April Rate Cut
The Bank of England left interest rates on hold at 5.25% in March. Two committee members voted for a rate cut but the rest of the MPC appeared to be in no rush to push rates significantly lower. They argued that recent data pointed to a “less ... |
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7 February 2008
ECB Watch - February 2008
The European Central Bank again left interest rates unchanged at its policy meeting today for the eighth consecutive month. The decision to leave rates on hold at 4% was expected. The continuing uncertainty in financial markets, marked appreci... |
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30 January 2008
UK RATES ON GRADUAL DOWNTREND - 0.25% CUT LIKELY IN FEBRUARY
Having cut rates by 0.25% to 5.50% in December, the first time UK monetary policy had been eased in over two years, the Bank of England then left interest rates on hold at its January meeting. However, continuing weak UK economic data, the globa... |
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7 January 2008
MORE RATE CUTS EXPECTED AS UK ECONOMY COOLS
The Bank of England cut interest rates by 0.25% to 5.50% at its December meeting, the first time UK monetary policy had been eased in over two years. A string of weaker than expected data in the days running up to the policy announcement suggest... |
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14 December 2007
IRISH MONTHLY ECONOMIC BULLETIN – DECEMBER ‘07
* Data point to a slowing in the pace of consumer spending. . . . * According to the permanent tsb/ESRI house price index, prices fell nationally for the 8th consecutive month in October. . . * The volume of exports of goods and services ros... |
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12 December 2007
FED CUTS RATES BY A FURTHER 0.25%
The US Federal Reserve cut its key market interest rate, the Fed funds rate, by 0.25% to 4.25% yesterday evening. The cut was in line with the market consensus. Expectations of an even larger rate cut were scaled back in the aftermath of the s... |
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6 December 2007
BUDGET 2008
Although Ireland is in a much more favourable budgetary and economic position than most of its main trading partners, there is no room for complacency. Growth in tax receipts has slowed considerably this year and the economy is facing into a per... |
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28 November 2007
BoE Moves Slowly Towards Policy Easing
The November inflation report provided further support for a move to lower interest rates in the UK. Indeed, the report was more forthright than anticipated, going so far as to endorse the market’s view that rates could fall by at least 0.50% ... |
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15 November 2007
Irish Monthly Economic Bulletin - November 2007
LABOUR MARKET BEGINS TO SOFTEN: The latest Quarterly National Household Survey (QNHS) data show that the economy continued to experience very strong labour force and employment growth in the first three quarters of this year. However, the growt... |
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24 October 2007
Irish Economic Outlook - October 2007
The Irish economy continued to perform exceptionally well in the first half of 2007. GDP rose by 6.7%, with GNP up by 5.7%, reflecting strong growth in both domestic spending and exports. Employment increased by some 4%, with the job gains sprea... |
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4 October 2007
ECB STAYS ON THE SIDELINES
The European Central Bank left interest rates unchanged at its monthly policy meeting today. The decision to leave rates on hold at 4% was expected. The turmoil in financial markets over the past two months has convinced most commentators that t... |
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19 September 2007
Fed Watch - September '07
FED CUTS RATES BY 0.5%: The US Federal Reserve cut its main interest rate, the Fed funds rate, by 0.5% to 4.75% yesterday. The cut was larger than the 0.25% expected and sparked strong gains on Wall St and a further slide in the dollar. The Fed ... |
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28 August 2007
Bank of England Watch - September '07
The Bank of England’s Quarterly Inflation report, released on 8 August, sent a strong signal to financial markets that the repo rate would be raised by another 0.25%. Events since then have left the outlook for monetary policy a lot more uncerta... |
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3 August 2007
ECB Signals September Rate Hike
The European Central Bank left interest rates unchanged at its monthly policy meeting today. The decision to leave rates on hold was widely expected. The meeting was held via teleconference and was followed by a surprise press briefing. Normal... |
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26 July 2007
Bank of England Watch - August 2007
GROWING DIVISIONS AMONGST MPC MEMBERS: As expected, the Bank of England raised interest rates by 0.25% at its policy meeting in July. Official rates have now been raised by 1.25% since August 2006, bringing the key Bank Rate to 5.75%, its highe... |
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16 July 2007
BANK OF JAPAN WATCH - JULY 2007
GRADUAL RISING TREND TO JAPANESE RATES: The was no surprise in last week’s decision by the Bank of Japan to keep rates on hold for another month. The fact, though, that only one dissenter voted for a July rate hike did surprise many. However, i... |
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27 June 2007
Bank of England Watch
HAWKISH JUNE MINUTES POINT TO JULY RATE HIKE: The Bank of England meets next week amid intense speculation that UK rates will be raised by a further 0.25% to 5.75%. The hawkish tone to the minutes of the June policy meeting also means that the m... |
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1 June 2007
The Irish Labour Market Report - 2007 and Beyond
AIB Global Treasury today released a detailed report on trends and prospects for the Irish labour Market. This report examines the Irish labour market in terms of employment demand on a sectoral basis and also in terms of the future sources of ... |
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30 May 2007
Irish Monthly Economic Bulletin – May ’07
Highlights from our full six page Irish Monthly Economic Bulletin publication for May 2007. . . . |
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23 April 2007
Upside Surprise on Inflation Cements Case for May Rate Rise
Recent events in the UK have cemented the case for an interest rate increase in May. The annual CPI rate of inflation shot above 3% in March, thus requiring Mervyn King to write a letter of explanation to Gordon Brown as to why inflation was mo... |
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13 April 2007
ECB Watch - April 2007
ECB TO RAISE RATES FURTHER: The European Central Bank left interest rates unchanged at its monthly policy meeting today. The decision to leave rates on hold was widely expected. Rates have been raised from 2% in late 2005 to 3.75% by March 20... |
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28 March 2007
Bank of England Watch - March Minutes Surprise but Rate Hike Still Likely
For a central bank arguing that its job is to make monetary policy boring, the Bank of England seems to be finding it difficult to meet its own objectives. After January’s surprise rate hike and much speculation in the market place about furth... |
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27 February 2007
Irish Monthly Economic Bulletin - February '07
Highlights from our full five page Irish Monthly Economic Bulletin publication for February 2007 covering: The Irish Labour Market, Consumer Sector, Investment / Housing Market, Public Finance, Trade / Balance of Payments, Industrial Production,... |
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22 February 2007
IRISH ECONOMY - 22 February '07
IRISH ECONOMY - Labour Market remained firm at end 2006… Only slight moderation in pace of jobs growth anticipated this year, despite recent negative jobs announcemetns.…. |
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16 February 2007
BANK OF JAPAN WATCH SUMMARY – FEB. ‘07
Highlights from our full BoJ Watch publication : * Japanese GDP rebounds in Q4, but still only a slow pace to BoJ rate hikes and carry trades look set to continue. * The Japanese economy grew by 1.2% in Q4 2006 * The data were stronger than m... |
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9 February 2007
ECB WATCH HIGHLIGHTS- Feb '07- Hike in March, More to Follow
Although leaving official interest rates unchanged, the ECB sent a strong signal that rates would be increased in March. * ECB seems to have changed the timing of interest rate decisions back to 3 month intervals form 2 months. * Monetary pol... |
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12 January 2007
ECB Watch Jan. '07 - Highlights . . .
ECB Watch Jan. ’07 – Highlights from our full ECB Watch publication : The European Central Bank left interest rates unchanged at its monthly policy meeting yesterday, Thursday, 11th January 07. * Based on Mr Trichet’s comments at the ECB press... |
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21 December 2006
Irish Economic Highlights - December 2006
• The Irish economy is continuing to perform remarkably well. GDP growth is forecast at 6% this year, up slightly from 5.5% in 2005. Looking forward, it is likely that the growth rate of the Irish economy will slow somewhat in 2007 and 2008 as m... |
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7 December 2006
Budget 2007
This year’s budget has been framed with one eye on the political landscape and the impending general election, which has to be held by early summer. Fortunately for the government, the public finances are in excellent shape, with an unexpected a... |
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9 November 2006
Housing Market Update
An update on the Irish Housing Market from AIB’s Economic Research Team highlighting recent developments, completions, prices and mortgage and loan growth. |
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23 October 2006
THE IRISH ECONOMIC OUTLOOK
AIB GLOBAL TREASURY RELEASES ITS LATEST OUTLOOK ON THE IRISH ECONOMY - Let’s be very clear to start with that the Irish economy is continuing to perform remarkably well. Employment growth is likely to average 4.5% this year, after a 4.7% rise... |
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5 October 2006
MORE TO FOLLOW AS ECB RAISES RATES BY 0.25%
As expected, the European Central Bank raised the official refinancing rate to 3.25% at today’s Governing Council meeting. This represents the fifth increase of 0.25% in official interest rates since the ECB began its tightening campaign in Dece... |
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22 August 2006
No Escaping Rising Cost of Living
The annual rate of headline inflation in Ireland increased to 4.2% in July from 2.5% at the end of last year and from under 2% at the start of 2004. In general, prices have been rising much faster in the non-discretionary areas of consumer spend... |
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3 August 2006
ECB Plans to Double Your Money
As expected, the European Central Bank raised the official refinancing rate to 3% at today’s Governing Council meeting. This represents the fourth increase of 0.25% in official interest rates from the past nine ECB rate setting meetings. It woul... |
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27 July 2006
Single Euro Payments Area (SEPA) – Time to Wake Up!
This document answers important questions such as : How big is the SEPA project? How is the SEPA project progressing in Ireland? What are the practical benefits of SEPA? How should I prepare for SEPA? What help can I expect from my bank in rela... |
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26 June 2006
MANDATORY IBAN AND BIC FROM 2007
To develop a Single European Payments Area (SEPA), the European political institutions and the banking industry have been working together to: • Reduce the cost of international Euro payments within the EU/EEA* to domestic levels. . • Simpli... |
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8 June 2006
NO SURPRISE AS ECB DELIVERS EXPECTED 0.25% HIKE IN RATES
The European Central Bank acted as expected today by raising the official refinancing rate by another 0.25% to 2.75%. The ECB President, Jean-Claude Trichet, said that there was an overwhelming majority of Governing Council members in favour of... |
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