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 […]
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 […]
Boeing Co. BA, -0.72% announced Monday an order from United Parcel Service Inc. UPS, -0.75% for eight more 767 Freighters. That would bring package delivery giant UPS’s fleet of 767 Freighters to 108. “This repeat order from UPS is a testament to the outstanding cargo capabilities of the 767 Freighter and further demonstrates Boeing’s market […]
Lululemon Athletica Inc. shares LULU, -1.51% fell 1.7% in premarket trade Monday, after Jefferies downgraded the stock to sell and said it expects the yoga gear maker to pull back aggressive long-term guidance in the coming quarters. Analysts led by Randal J. Konik said they expect the company’s second-quarter earnings to be released on Thursday […]