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, […]
Central Bank seeks to anticipate and support innovation in the financial services industry Firms in novel areas must ensure their businesses will not be used to launder the proceeds of crime or to finance terrorism Central Bank issues a bulletin to virtual asset service providers (VASPs) to assist them in strengthening their applications and frameworks […]
The IMF’s review recognises considerable progress in strengthening the framework for financial sector regulation, supervision and crisis management in Ireland. An increasingly large, complex and rapidly evolving financial system in Ireland raises new challenges for the future. Review makes targeted recommendations for further work, which will be considered by the Central Bank as it implements […]
Q4 2021 saw 2.5 million people in employment, the highest on record. Strong employment was supported by the domestic labour force, with migration playing a smaller role Two groups drove this labour force expansion; under 25s and women over 35. Evidence that there are longer running trends that have encouraged women to remain part of […]
Climate Forum will meet twice yearly and brings together climate change experts, industry representative bodies, regulated firms, and Central Bank representatives. Central Bank also publishes its first Sustainable Investment Charter. Charter provides a guide to apply sustainable investment principles to the Central Bank’s investment assets. The Central Bank of Ireland has hosted the inaugural meeting […]
Well, we’re getting nicely into the summer months now but trading is far from the typical quiet action we see over the summer. This week we’ve had plenty of noteworthy moves once again and, talking with traders ahead of the weekend, it seems the big move everyone is focused on is the breakout in the […]