Ireland
Central Bank of Ireland, Quarterly Bulletin 2/2005
Ireland's central bank published its second Quarterly Bulletin for 2005 on Wednesday 4 May. The Bulletin reports that Ireland should enjoy continued strong economic growth in 2005 and 2006 but faces potential problems from the high price of oil and the…
Irish bank chief highlights eurozone uncertainties
Ireland's central bank governor John Hurley told a meeting on Monday 11 April that stronger growth in the euro area still remains an emerging prospect rather than a current reality.
Hurley: Ireland's & Europe's economic performance
In the speech 'Some perspectives on Ireland's and Europe's economic performance' given on 28 January, John Hurley of the Central Bank and Financial Services Authority of Ireland warned about competitiveness threats to both the Irish and European…
Central Bank of Ireland, Quarterly Bulletin 1/2005
The Irish central bank published its first Quarterly Bulletin of 2005 on Tuesday 1 February. The Bulletin reports that the outlook for the Irish economy in 2005 remains positive; the Bank is forecasting GNP growth for 2005 of about 4.75 per cent (GDP 5…
Euro and oil pose risk to outlook says Hurley
"The balance of risks to growth are now clearly to the downside," said Hurley, 59, in an interview in Dublin. "We're disappointed that growth, particularly in the euro area, is not as strong as we would have wished. "Sudden movements" in exchange rates …
Ireland's statistics department finally leaves cb
Staff of Ireland's department of Central Statistics office located on the top floor of the Central Bank building started vacating the building this week. The move came as a result of a three-month notice which the central bank sent to the Statistics…
Central Bank of Ireland Financial Stability Report
The Central Bank of Ireland has published its first stand-alone Financial Stability Report. The Report focuses on the stability of the Irish financial system with a special emphasis on the banking sector.
Ireland's cb admit sflaw in housing model
The Central Bank of Ireland has admitted that the housing model used to produce its first financial stability report last week is flawed. Reports said the current model does not take adequate account of the effect on lenders of a shock to the Irish…
Irish banking system sound, says cb's Hurley
Speaking at the publication of the central bank of Ireland's Financial Stability Report on Tuesday 21 September, the governor, John Hurley, said: "The central aim of this report is to analyse and assess the overall health of the financial system and to…
Hurley on economic developments in Ireland
In a speech on 'Economic developments in Ireland and other issues' at the presentation of the Annual Report given on 12 July, John Hurley of the Central Bank and Financial Services Authority of Ireland said 2003 was a very significant year. We have been…
Ireland's Hurley on the role of the central bank
In a speech on 'The role of the central bank and the current issues being considered by the Financial Services Regulator' given on 1 June, John Hurley of the Central Bank and Financial Services Authority of Ireland put the role of the Central Bank in…
Buoyant economic growth predicted for Ireland
A study on the EU's future economic prospects has reportedly predicted that Ireland's economy will grow at twice the rate of the 12-nation eurozone over the coming years.
Irish financial regulator to get new powers
Ireland's new financial regulator is to be given powers to fine and name offending institutions under draft legislation going through the Irish parliament, the Dail, this week, according to the Financial Times on Friday4 June.
Ireland's Hurley on ECB interest rates
The Governor of the Central Bank of Ireland, John Hurley, has told the Irish Financial Markets Association (FMA) that the ECB is monitoring the interest-rate situation very closely.
Irish gov't considering ECB vacancy nomination
The Irish Government has confirmed that it is considering putting forward a nomination for a vacancy on the board of the European Central Bank.
High inflation hurting Irish competitiveness
High inflation in recent years has led to lasting damage to Irish competitiveness, the Central Bank said in its winter bulletin. The bank says the country has not only lost its competitive edge but in absolute terms the price level in Ireland is now 12%…
Irish central bank upgrades 2004 growth forecast
The central bank of Ireland has upgraded its forecast for economic growth but said the euro's strength would reduce exporters competitiveness. In its quarterly bulletin, published on Thursday 18 December, it said the Irish economy has shown flexibility…
Irish go back to 'hoarding' coins: central bank
Speaking at the issue of 40,000 commemorative coin sets, the central bank of Ireland's head of currency Hugh O'Donnell said Irish people have reverted to their old habits of 'hoarding' coins.
Ireland to consider stability pact reform
Mary Harney, the leader of Ireland's Progressive Democrat Party and Minister for Trade, has said that the EU's stability and growth pact will be considered in detail when Ireland holds the EU Presidency next year, according to the Irish Independent. She…
IMF urges Ireland to reduce inflation
In its annual review of the Irish economy the IMF called on the government to cut inflation and improve competitiveness, according to RTE News. In a statement, the Minister for Finance, Charlie McCreevy, welcomed the IMF assessment.
McCreevy may seek cash from Irish central bank
The Central Bank of Ireland confirmed that its review of the adequacy of its reserves against guidelines set by the ECB will be completed over the next few months according to the Irish Times. The bank acknowledged in its 2002 annual report that any…
Ireland's central bank to issue special E10 coin
The central bank of Ireland plans to issue a commemorative 10 euro coin during its presidency of the council of ministers in the first half of next year, BizWorld reports. The coin will mark the enlargement of the European Union.
Irish c bank investigates shop over euro leaflet
A fashion shop in Ireland is under investigation by the central bank for using an image of a euro banknote in a promotional campaign for the shop. The shop, called "Solo" apparently substituted its name for "euro" on the note, the Irish Times reported.
Central Bank of Ireland - Annual Report 2002
The Central Bank of Ireland has published its Annual Report for the year ended 2002. Governor John Hurley said in the foreword to the Annual Report that the international background for the Irish economy in 2002 has been difficult and there are few signs…