Central Bank

The latest news, analysis, and comment concerning the Central Bank, Ireland’s financial services regulator

Almost €1.5m in punts exchanged for euros since 2021 - Central Bank

Regulator has provided exchange service since switch to the euro two decades ago

Budget 2025 will cost €10bn and make you roughly €1,000 richer. But it’s not all sorted yet

The projected €10 billion plus package of permanent and temporary measures is expected to put up to €1,000 in the pocket of the average worker

State set for equivalent of another Apple windfall in coming years

Deadline for consensus on OECD plans for taxing of multinationals has come and gone

Proportion of Irish homes in mortgage arrears at lowest level since the end of 2009

Just 39% of residential mortgage accounts in arrears in June held by banks, with the rest held by non-bank entities, Central Bank says

State must build 52,000 homes a year to address housing shortfall, says Central Bank

Central Bank warns further fiscal stimulus would boost inflation

Ireland’s housing requirement keeps getting bigger and bigger

Central Bank becomes latest to call for 50,000-plus homes a year

Card spending increases amid summer getaways

Central Bank data shows increased spending in airports and outside Ireland

Credit unions want easier lending rules amid strong mortgage demand

Mortgage lending jumped 10% across the Irish League of Credit Unions’ membership base in the third quarter

Annoyed by banks’ bumper profits? It’s on you if you’re still giving them money for nothing

Banks are getting 3.75% on your savings with the Central Bank and paying you an average of 0.13% in a demand deposit account

Public sector unions call for RTÉ-style multiannual funding

Seen and Heard: AIB and Bank of Ireland dividends; Cairn Homes deal in Bray; investment giants pushback against the Central Bank; Paddy Power racing remarks

Axa Irish premiums to hit €2bn as it gets nod to underwrite Laya policies

Largest general insurer in the Republic acquired the second largest player in health cover market last year in €650m deal

Central Bank warned ‘over-regulating’ funds could backfire

Sector says overly aggressive action could prompt shift of financial assets into unregulated vehicles

Low earners should pay some income tax, say economists

Summer school told ‘very low or no tax rates on low income’ is a policy choice that would be very difficult to reverse

Car insurers should prove they are passing reduced claims costs on to motorists, says Sinn Féin’s Doherty

Car insurance premiums have increased by more than 8% in the past year, CSO figures show

Spotlight on Central Bank’s vetting process should lower risk of groupthink

Over more than a decade, the regulator has received 50,000 applications to approve individuals for key positions, approving 11,000 in the past four years alone

Number of home buyers opting for fixed-rate mortgages drops

Central Bank’s latest retail interest rate figures show fixed-rate contracts constitued two thirds of mortgage contracts agreed in May

Irish wage growth hits 4.3% in June

The study from Indeed and the Central Bank of Ireland shows wages remain higher than the pre-pandemic average of 2.5 per cent in 2019

Number of homes in arrears falls after consecutive quarters of increase

A total of 29 private homes were taken into possession by lenders in the quarter, of which 15 were on foot of a court order

Gabriel Makhlouf sees just one more ECB rate cut this year

Central Bank governor said he is 'pleased' with latest data showing inflation in the 20 Eurozone countries slow to 2.5% in June

Election budgets are not always giveaways

There is a long history of governments tightening spending even as an election looms

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