Latest Market News

The new body will bring together the financial regulators and creative industries to formulate the policies in the Metaverse. Source: Cointelegraph

Shopify Inc. SHOP, -15.51% is planning to lay off around 10% of its workforce as it admits that e-commerce growth hasn’t continued as robustly as expected. The Wall Street Journal first reported the news Tuesday, citing a memo to staffers. Shopify confirmed the details in a blog post. The layoffs are expected across the company […]

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, […]