Day: July 27, 2022
At last week’s meeting of the ECB’s Governing Council, we decided to increase our main policy rate by 50 basis points. This continues the normalisation of our monetary policy, a path that we had started to travel on last December. Our aim is to dampen the inflationary pressures that we’re seeing in the euro area […]
Central Bank Economic Letter finds that, while household deposits increased across all euro-area countries during the pandemic, Irish deposit growth was among the highest, exceeded only by Baltic countries. Unlike Ireland, these countries had very high pre-pandemic deposit growth, marking the Irish experience as exceptional. While the virus and related restrictions reduced spending, a higher […]
Governor of the Central Bank of Ireland Gabriel Makhlouf spoke this afternoon about current trends in the Irish, German and Eurozone economies, as well as opportunities and challenges in the financial system at an event hosted by the Consulate General of Ireland and IHK Frankfurt, in partnership with Verband der Auslandsbanken in Frankfurt, Europa Union […]
It is a pleasure to address you today. I would particularly like to thank our Consul General Anne-Marie Flynn for organising this event.1 German – Irish economic relationship Ireland and Germany have excellent relations, politically, culturally and economically. These relations have been documented as far back as the 7th century. When reading about the relationship, […]
Interview with Governor Makhlouf conducted 16 June 2022 Niall Brady: Okay, well listen thanks again for taking the time to talk to me. You had a very busy week, from what I see yesterday was a busy day for you. Gabriel Makhlouf: I’ve had a busy fortnight. Niall Brady: Really? Why a busy fortnight Gabriel […]
Governor of the Central Bank of Ireland Gabriel Makhlouf met with businesses and students from Tipperary yesterday during his day-long visit. Governor Makhlouf met with local entrepreneurs, staff and Government agencies at Tipperary Technology Park, where conversations included the importance of local digital hubs and local economic development in a hybrid working world recovering from […]
Central Bank Economic Letter finds that recurrent property taxes can, over time, help to mitigate downside risks to house prices. Such taxes may also provide a stable source of revenue for government, as they are less likely to be affected by the economic cycle. Revenue from recurrent property taxes, as a proportion of national income, […]
Fitness franchisor F45 Training Holdings Inc. FXLV, -61.54% saw its shares nosedive 61.5% in Wednesday trading after the company announced the departure of its chief executive and founder Adam Gilchrist; a 45% workforce reduction, equal to 110 layoffs; and a sharp reduction in the number of new franchises and studios expected in 2022. Ben Coates, […]
Type: Bullish Rise Key Levels:Resistance: 891.7Pivot: 870.5Support: 850.3 Preferred Case:On the H4, with prices moving within an ascending channel and above the ichimoku indicator, we have a bullish bias that price will rise to the pivot at 870.5 where the pullback resistance is. Once there is upside confirmation that price has broken the pivot , […]
Type: Bullish Rise Key Levels:Resistance: 131’06’0Pivot: 130’00’0Support: 128’12’0 Preferred Case:On the H4, with prices moving above the ichimoku indicator, we have a bullish bias that price will rise to the pivot at 130’00’0 where the pullback resistance is. Once there is upside confirmation that price has broken the pivot , we would expect bullish momentum […]
