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Concern as credit funds increase borrowing from banks

Europe’s private credit funds are increasingly borrowing from banks to boost their performance, fuelling concerns about the wider risks posed by this interconnectedness. A record 80% of new European private ...
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What’s included in the new EU law on AI

The European Parliament has given the final nod to far-reaching rules on artificial intelligence that the EU hopes will both harness innovation and defend against harms. The law, known as ...
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Mortgage rates rose in January to seventh highest in eurozone

The average interest rate on new mortgages in Ireland rose in January, according to new data from the Central Bank. At the end of the month, the average rate was ...
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Slight fall in household saving at the end of 2023 – CSO

New figures from the Central Statistics Office show that the rate of household saving fell slightly in the last three months of 2023 and in the year as a whole ...
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Central Bank said mortgage interest relief not focused on those suffering from rising rates ‘shock’

The Central Bank told the Department of Finance a scheme for mortgage interest relief would almost exclusively benefit homeowners aged over 40 who were the least likely to have challenges ...
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Central Bank revises down forecast for domestic economy this year

The Central Bank has revised downwards slightly its forecasts for growth in the domestic economy this year, but still expects that it will continue to grow at a moderate pace ...
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ECB rate cut coming, but not just yet, says Governing Council’s Kazimir

The European Central Bank is increasingly confident that inflation is coming down, but should still hold off on an interest rate cut until June, Slovak Governing Council member Peter Kazimir ...
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A fifth of motorists are planning to get rid of their car, survey finds

One in every five car owners are planning to get rid of their car over the coming years, new research has found. The rising cost of running a car is ...
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House construction growth could stall in 2024 – BNPPRE

Construction activity continued to contract in February, but at a slower pace than a month earlier, new data shows. The BNP Paribas Real Estate Ireland Construction Index climbed to 47.4, ...
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