Day: July 31, 2022

Jul 31
Statement on the publication of the Central Bank (Individual Accountability Framework) Bill 2022

The Central Bank of Ireland welcomes today’s publication of the Central Bank (Individual Accountability Framework) Bill 2022. The Central Bank will continue to work with the Department of Finance throughout subsequent stages as the legislation progresses through the Oireachtas to enactment. Once the Bill has been enacted the Central Bank intends to publicly consult on […]

Jul 31
Fiscal policy and planning for resilience

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 […]

Jul 31
Higher real income growth, reduced spending and precautionary savings contributed to significant increase in Irish household deposits during the pandemic

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 […]

Jul 31
Challenges and opportunities for a financial services ecosystem in transition – Makhlouf

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 […]

Jul 31
Remarks by Governor Gabriel Makhlouf at Consulate General of Ireland and IHK Frankfurt event

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, […]

Jul 31
Transcript of Governor Gabriel Makhlouf’s interview with Niall Brady, The Sunday Times

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 […]

Jul 31
Historically accurate Bitcoin metric exits buy zone in ‘unprecedented’ 2022 bear market

Bitcoin (BTC) is enjoying what some are calling a bear market rally and has gained 20% in July, but price action is still confusing analysts. As the July monthly close approaches, the Puell Multiple has left its bottom zone, leading to hopes that the worst of the losses may be in the past. Puell Multiple […]

Jul 31
Ticketmaster scouts productization of enterprise NFTs beyond ticketing

Ticketmaster’s job posting for a product manager of NFT ticketing tooling reveals the company’s intent to roll out NFT-based enterprise products “across all content categories including sports and music.” 1133 Total views 6 Total shares A new job posting by America’s biggest ticketing company, Ticketmaster, reveals mainstream interest in exploring new revenue streams using nonfungible […]

Jul 31
Coronavirus tally: Biden administration will halt boosters for under-50s until new ones are ready in September to attack omicron

The Biden administration has decided against offering COVID boosters to people under 50 for now, preferring to wait until retooled Pfizer PFE, -0.41% and Moderna MRNA, +3.81% shots become available in September that could perform better against the omicron BA.5 subvariant, the New York Times reported Thursday. The reasoning is that it’ll be worth it […]

Jul 31
Hong Kong university to inaugurate mixed reality classroom in Metaverse

By building MetaHKUST, the institution plans to create a learning environment that virtually connects the two campuses — in Hong Kong and Guangzhou. 300 Total views 7 Total shares The Hong Kong University of Science and Technology (HKUST) announced to host the launch party of a virtual reality classroom over the Metaverse on September 1. […]