People count more than numbers

Euro zone investor morale hits two-year high in April

Investor morale in the euro zone improved for the sixth consecutive month in April to its highest level in more than two years, a survey showed today, adding that even though Germany remained a drag it showed “economic signs of life”. Sentix’s index for the euro zone rose to -5.9 points in April from -10.5 […]

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AIB, EBS and Haven cut fixed Green mortgage rates by 0.2%

AIB and affiliates EBS and Haven are cutting the fixed rates on their “Green Mortgages” by 0.2%. The changes will take place from tomorrow and will be available to new customers and existing customers seeking to fix. The bank claims the move will make its Green Mortgage rates the cheapest in the country. On a […]

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Govt publishes bill paving way for pension auto-enrolment

The Government has published a bill which will pave the way for 800,000 workers to be brought into a pension scheme for the first time. Publishing the Automatic Enrolment Retirement Savings System Bill 2024, Minister for Social Protection, Heather Humphreys said this represents one of the biggest reforms of the pension system in the history […]

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Over €25 million stolen in investment fraud last year, say gardaí

Gardaí have said over €25 million was stolen in investment fraud last year, a crime which has increased by over 90%. Almost 1,000 people have reported an investment fraud incident to gardaí over the past four years. Gardaí issued a warning to people to be particularly careful when considering potential investments. More than double the […]

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Euro zone inflation unexpectedly eases, boosting rate cut case

Euro zone inflation fell unexpectedly last month, solidifying the case for the European Central Bank to start lowering borrowing costs from record highs. Consumer price growth in the euro zone slowed to 2.4% in March from 2.6% a month earlier, defying expectations for a steady rate as food, energy and industrial goods prices all pulled […]

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Drop in injury claims’ costs but premiums rise by 8% – NCID report

The average cost of settling public and employer liability claims through the Injuries Resolution Board dropped by a third in 2022 compared to 2020, according to a new report. However, average insurance premiums increased by 8% in 2022. The data is in the latest National Claims Information Database (NCID), published by the Central Bank. New […]

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Service sector grows at fastest pace in eight months

The service sector grew at its fastest pace in eight months in March, new figures show. The latest AIB Purchasing Managers’ Index (PMI) reveals that the index reached 56.6, up from 54.4 in February. Readings above 50 indicate overall growth in activity. “The acceleration in activity was broad-based and points to improving business conditions throughout […]

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ECB’s Holzmann says warming to June rate cut but keeping an eye on Fed

The European Central Bank could start cutting interest rates in June as inflation may fall quicker than expected but should not get too far ahead of its US counterpart, as that diminishes the potency of easing, Austrian policymaker Robert Holzmann said. Euro area inflation has tumbled over the past year and economic growth stalled, shifting […]

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