The European Central Bank (ECB) raised interest rates by a further quarter point (0.25 per cent) on Thursday as conflict in the Middle East stoked a fresh surge in energy prices. Policymakers also signalled they were ready to lift borrowing costs again if... See more
Higher energy bills drove Irish inflation to 3.7 per cent in August, the highest level in four months. The latest Consumer Price Index (CPI) comes amid another surge in global energy prices as the war in Iran grinds on with no end in sight. The cost of ho... See more
Irish mortgage holders are being warned to brace for a “tough winter” with markets pricing in two more interest rate hikes between now and Christmas. With inflation across the euro zone now running at over 3 per cent, the European Central Bank (ECB) is ex... See more
The euro zone economy expanded by more than originally estimated in the second quarter on the back of a sharp upward in Irish GDP (gross domestic product), according to Eurostat. Euro zone GDP increased 0.6 per cent, up from a preliminary estimate of 0.4 ... See more
The sources of stress differ across regions. In developing countries, it’s food prices. In the US, healthcare often gets the blame. Medical expenses are the biggest cause of family bankruptcy in the US. In Ireland, the chief culprits are energy and housin... See more
