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Brexit hiatus lifts consumer and business confidence

25th November 2019

Progress towards the achievement of a Brexit resolution has lifted consumer confidence this month, new research has found. But the Bank of Ireland Economic Pulse for November also recorded that despite the brighter consumer mood, Brexit uncertainty continues to weigh on businesses’ investment plans. The index, a composite of separate measures of consumer and business […]

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Black Friday sees surge in online spending but more people shop in store

25th November 2019

Consumers still spend more in store than online on Black Friday, according to research carried out by AIB. Analysing the card usage habits of shoppers on Black Friday 2018, the spending data revealed that 69% of consumers shopping on the day procured their goods in store with the remaining 31% shopping online. However, the data points […]

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US Fed members unanimously reject negative rates – minutes

22nd November 2019

US central bankers last month dismissed the idea of taking interest rates into negative territory, something President Donald Trump has called for many times, according to meeting minutes released last night.  Evidence for the benefits of negative interest rates – lenders must pay borrowers rather than the other way around – has proven “mixed” in […]

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New lending rules for credit unions from January

22nd November 2019

The Central Bank has said it will allow credit unions undertake increased longer term lending, including home mortgage and business lending. From January next year, new regulations will remove the existing lending maturity limits for credit unions which cap the percentage of their lending for periods of greater than five and ten years.  These maturity […]

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Christmas still ‘make or break’ for many retailers

22nd November 2019

The average retailer still relies on the six weeks around Christmas for up to 30% of its annual trade, according to the Ibec group, Retail Ireland. The sector has benefitted from rising wages and an increase in disposable income across the economy in recent years. However, footfall on the streets of towns and cities across […]

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European car sales up 8.6% in Oct, driven by VW rebound – ACEA

20th November 2019

Passenger car registrations in Europe rose 8.6% in October, to their highest level since 2009, driven by robust demand in Germany and France. The figures were also boosted by a rebound in demand for Volkswagen cars, which posted a 29% gain. Registrations rose to 1.214 million cars in the countries of the European Union and […]

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