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Several European Central Bank policymakers argued their case today for another interest rate cut next week, even if some of their colleagues remained unconvinced as turmoil in the Middle East fuels volatility in energy costs. The ECB has already lowered rates twice this year and a cut to the 3.5% deposit rate on October 17 […]
Read More… from ECB policymakers press case for October rate cut
The Government’s extensive legislation to overhaul the planning system is due to go before TDs tonight for a final vote. The proposed law will see An Bord Pleanála renamed to An Coimisiún Pleanála and a reformed process for taking judicial reviews introduced. Running to more than 900 pages, the legislation is a key part of […]
Read More… from Govt legislation over planning system to go before TDs
The Governor of the Central Bank has the Government’s decision to increase spending above 5% over an extended period will aggravate price inflation and wage pressures. Gabriel Makhlouf said given current macroeconomic conditions, the continued expansionary fiscal stance adds unnecessary stimulus to an economy at full employment. The situation will undermine competitiveness and create risks […]
The European Central Bank (ECB) will cut its deposit rate by 25 basis points on October 17 and again in December, according to more than 90% of economists polled by Reuters who now see a quicker decline in euro zone inflation. Only 12% of economists polled last month had predicted an October cut. But most […]
Read More… from Poll suggests ECB to cut rates by 25bps in Oct and Dec
The European Union has removed Antigua and Barbuda from its tax haven blacklist, an instrument that has been slammed as ineffective in the past by anti-poverty groups. The list, approved by the EU’s member states, now counts 11 jurisdictions deemed non-cooperative for tax purposes, particularly where it comes to sharing tax information. It now has […]
Read More… from EU drops Antigua and Barbuda from tax haven blacklist
Almost all business leaders are experiencing difficulties with hiring, retention, or both, new research has found. The study also revealed that the top hiring challenges encountered by enterprises include having an undesirable office location, which was cited by almost a third of respondents. A lack of the right skillsets in applicants was also referenced by […]
Read More… from Hiring and retention big challenge for all firms – survey
The European Central Bank will probably cut interest rates on October 17 as economic growth is weak and this raises the risk that inflation will undershoot its 2% target, French Central Bank Chief Francois Villeroy de Galhau told an Italian newspaper. The ECB cut rates from record highs twice already this year and markets now […]
Read More… from ECB will probably cut rates in October on risk of too low inflation – Villeroy
Asking prices for homes have risen 7.5% over the last year, new data from listings website MyHome.ie shows. That is the highest rate of increase in two years, the latest house price report shows. It means the median price sought for a home nationally in the third quarter stood at €365,000. That represents an increase […]
Read More… from Asking prices for homes nationally up 7.5% over the year
Oil prices fell today, after posting their steepest weekly rise in more than a year last week, as oversupply concerns amid softer demand countered the worries over a wider Middle East conflict disrupting exports in the key oil-producing region. Brent crude futures fell 28 cents, or 0.36%, to $77.77 per barrel early this morning, while […]
Read More… from Oil prices dip after strongest weekly rise in over a year
The President of Dublin Chamber will call for half of all new homes built every year to be constructed in the Greater Dublin Area at the organisation’s annual dinner tonight. Siobhan O’Shea, who is director of scaled business success at recruitment company Indeed, will also emphasise the urgent need to tackle infrastructural challenges that are […]
Read More… from Half of new homes should be built in Dublin, Chamber President to say
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