News
The Central Bank of Ireland has engaged with financial services firms to reinforce its consumer protection expectations of all regulated firms that also operate as Direct Debit originators (DDOs). This follows a review of plans submitted from the financial services firms that are amongst the top 20 DDOs in Ireland, which set out the measures they […]
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 […]
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 […]
The Eurozone economic sentiment indicator decreased modestly from 98.9 to 97.6 points in August. Both industry and manufacturing saw a deterioration in economic activity. At the same time, expectations of a recession in the economy lead to more moderate forecasts for higher inflation on the back of consumer spending in the coming months. Economic sentiment […]
Tesla Fails to Rally Following Stock Split Following a decent recovery rally over recent months, Tesla shares have stalled over August and have settled into a tight range between 281.39 and 315.77. The company posted solid Q2 earnings and 50% of the year’s losses before momentum fizzled out. Last week, the company underwent a 3.1 […]
Ahead of the rapidly approaching Ethereum (ETH) Merge on Sept. 15, Ethermine, the world’s largest Ethereum mining pool has unveiled a new staking pool for users. Notably however, it is not available to U.S. miners The new service offers Ethermine members a chance to collectively stake their ETH and earn interest on top of their […]