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The US Federal Reserve has cut interest rates by half of a percentage point, kicking off what is expected to be a steady easing of monetary policy with a larger-than-usual reduction in borrowing costs that followed growing unease about the health of the job market. “The committee has gained greater confidence that inflation is moving […]
Read More… from US Fed cuts interest rates by half a percentage point
The euro zone’s current account surplus shrunk in July on a lower trade surplus and a drop in primary income, which includes the flow of profits, wages, interest income and dividends into and out of the bloc, European Central Bank data showed today. The seasonally adjusted current account surplus fell to €39.6 billion in July […]
The Tánaiste has said the energy credit which will be announced in the budget will be paid to households before the end of the year. With Budget 2025 now less than two weeks away, Micheál Martin is expected to hold further discussions on its overall shape with the Government party leaders tonight. However, he said […]
Read More… from Budget 2025 energy credit to be paid by end of year – Tánaiste
A bill that seeks to abolish age-based sub-minimum pay rates for younger workers will be discussed today by the Oireachtas Committee on Enterprise, Trade and Employment. Current legislation allows for lower or sub-minimum rates for people aged under 20. The minimum wage for those aged 19 is 90% of the prevailing rate, for those aged […]
Read More… from Committee to discuss scrapping age-based minimum pay rates
Dealing with the pent-up demand for housing and continued growth in the population will require building 52,000 homes a year over 25 years, the Central Bank has forecast. It has also calculated that if the Government wanted to reduce the deficit of homes over a decade and meet demand it would need to build almost […]
Read More… from 52,000 homes per year needed over 25 years – Central Bank
The national commercial vacancy rate hit a new high of 14.4% in June, new data shows. 30,246 commercial units were classified as vacant across the country, according to the latest GeoDirectory report. The analysis, prepared by EY, found that the commercial vacancy rate increased in 14 out of 26 counties surveyed. “While the national commercial […]
Read More… from Commercial vacancy rate hits new high of 14.4%
New figures from Kantar today show that take-home grocery sales increased by 5.4% in the four weeks to September 1 as Irish households prepared for the new school year. Shopping frequency increased by 0.7% in September, along with an increase in average prices of 2.4%, while volumes per trip were also up slightly by 0.4% […]
Read More… from Monthly grocery sales rise by 5.4% in latest four week period
The European Central Bank should keep cutting interest rates gradually, its chief economist said today, after policymakers reduced borrowing costs last week for the second time this year. “A gradual approach to dialling back restrictiveness will be appropriate if the incoming data are in line with the baseline projection,” Philip Lane said in a speech […]
Read More… from Euro zone rates should be cut gradually – ECB economist
A developer has told a conference there should be an exemption from the Government’s planned zone land tax for companies that are working on developing sites. The Cabinet is introducing a 3% annual levy to discourage speculators from hoarding land that can be used for housing. Senior managing director of US group Hines Brian Moran […]
Read More… from Call for tax exemption for companies developing sites
A multi-million euro investment package has been announced to boost tourism and develop new visitor attractions on two islands. Fáilte Ireland and Údarás na Gaeltachta will work in conjunction with comharchumann (community cooperatives) on Inis Mór and Cléire to bring the projects to fruition. It is part of an initiative to encourage Gaeltacht visits and […]
Read More… from Investment package aims to boost tourism to Gaeltacht islands
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