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Wednesday 1 February 2023 Dublin: 7°C

# ECB

Last year
2022
# Economy
European Central Bank slows pace of interest rate hikes with 0.5% rise
In response, Bank of Ireland confirmed that tracker mortgage rates will increase for all tracker mortgage customers by 0.5%.
# late late
Lagarde says inflation crisis came from 'nowhere', describes Putin as 'a terrifying man'
The ECB president made an appearance opposite Ryan Tubridy tonight.
# Interest Rates
Tracker mortgage repayments to increase as European Central Bank hikes interest rates by 0.75%
The ECB announced the hike in a statement this afternoon.
The hike will see monthly tracker mortgage repayments increase.
The ECB has also warned that it expects to raise interest rates further to tame inflation.
Analysis: We can expect to see interest rates continue to march higher this week
# Interest Rates
Expected interest rate hike may help 'contain' house prices, says Varadkar
The ECB’s 25-member governing council is likely to lift its key interest rates by 75 points for the second consecutive time.
Voices
Analysis: We can expect to see interest rates continue to march higher this week
Economist Victor Duggan looks ahead to the expected ECB rate hike tomorrow.
Voices
Analysis: ECB rates are on the rise, what does this mean for mortgage holders?
Financial expert David Quinn looks at the latest rate hike and the options available to homeowners.
# Inflation
Tracker mortgage rates to rise after ECB hike interest rates by 0.5%
The bank is trying to respond to soaring inflation but those on tracker and variable rates will likely face an increase.
# Inflation
ECB ups key interest rates as it warns 'inflation to remain undesirably elevated for some time'
The July rate hike will be the first in 11 years.
THE MORNING LEAD
Traditional remedies might not work. So how will we cure the surging cost of living?
A report by
Ian Curran
Almost everything is more expensive than it was a year ago, from energy to fuel to bathroom fittings and Big Macs.
Almost everything is more expensive than it was a year ago, from energy to fuel to bathroom fittings and Big Macs.
Usually, governments might cut public spending and central bankers could hike interest rates in response.
But economists say the logic of traditional remedies is 'debatable' in the unprecedented context of the pandemic.
'Suite of measures' to address the rising cost of living expected 'in the next couple of weeks'
No let up in cost of living surge in January as Eurozone inflation hits a record high
# vimes boots
Explainer: Why is everything more expensive?
In Ireland and across Europe, prices have risen sharply over the past year as economies have reopened.
No let up in cost of living surge in January as Eurozone inflation hits a record high
CSO examining how to show 'disproportionate' impact of soaring inflation on poorer families
# price pressures
No let up in cost of living surge in January as Eurozone inflation hits a record high
Amid heightened anxiety over inflation, the European Central Bank’s Governing Council will meet tomorrow.
# digital banking
Revolut takes 'first steps' toward offering loans and bank accounts to Irish users
The digital challenger bank is increasing its offering to Irish customers as Ulster Bank and KBC Bank move to exit the market.
All time
# Banknotes
European Central Bank plans to redesign euro banknotes
A final decision on the new look is expected in 2024.
# The Banks
Bank of Ireland fined €24.5 million for IT failures that had potential 'serious' customer impact
The failures could have led to customers being denied access to basic banking services.
# price inflation
'Supply chain bottlenecks and rising energy prices' are main threat to recovery, warns Lagarde
Despite rising prices, the European Central Bank also decided to keep its pandemic stimulus efforts unchanged.
# Morning Memo
Morning Memo: Why are borrowing costs rising for eurozone governments?
The ECB says it’s closely monitoring what’s going on in government debt markets.
# Stimulus Package
More stimulus for Europe as ECB adds €500 billion to €1.35 trillion package, extending it into 2022
It comes against the backdrop of gloomy economic forecasts.
# ECB
Hopes for a swift economic recovery in 2021 have faded, says ECB
A resurgence of the virus has weakened euro area growth forecasts.
# Explainer
Explainer: Everything you've always wanted to know about bonds but were afraid to ask
The National Treasury Management Agency auctioned €1.5 billion of Irish government bonds last week.
# ECB
Top EU court hits back at German ruling on €2 trillion bond-buying scheme
The European Court of Justice warns the decision could jeopardise EU legal unity.
# Coronavirus
'Economic shock' of Covid-19: Some central banks cut interest rates as Lagarde raises spectre of 2008
The economic effects of coronavirus can be mitigated “if we handle it well,” according to the Bank of England.
# Vulture funds
Minister concedes homeowners who engaged with PTSB may not have deals honoured
PTSB, which is 75% State owned, has been defending its plan to sell off a book of non-performing loans.
# Changing lanes
He was the frontrunner, but now Ireland has withdrawn Philip Lane as a candidate for top ECB job
Minister for Finance Paschal Donohoe said he didn’t want the candidacy of Lane to be a “source of disagreement”.
# Report Card
Europe raises concerns about lack of housing in Ireland
The European Commission and ECB say “recent price and rent increases have drawn attention to persistent housing supply bottlenecks”.
# Trevelyan
Trichet's Corn: Yanis Varoufakis says the ECB are as bad as the British during the Famine
Charles Trevelyan is one of the most vilified figures in Irish history but Varoufakis sees parallels in the ECB’s Jean-Claude Trichet.
# Make Money Money
'Good for Ireland': Germany's top court rules that the ECB can 'print money'
The challenge to the bond-buying plan could have ended the single currency.
# nein danke
The €500 banknote looks set for the chop - but some Germans aren't happy
The note is known as a ‘Bin Laden’ because of its associations with crime.
# Burn the Bondholders
After five long years, Ballyhea will march to say “No” for final time today
Their campaign will continue, however.
# santa mario
This man is taking the euro deeper and deeper into the unknown
The ECB cut a key interest rate to a new record low for the region today.
# low note
The poor euro is getting pummelled again
Things were looking OK there for a while.
# bottom of the pile
These figures show Irish people lost more than anyone in the financial crisis
But it has been a good few years to be Dutch, Belgian or Danish.
# vote passed
Tsipras 'doesn't regret' leading Greece into third multi-billion euro bailout
The country’s parliament has approved the deal after all-night talks.
# Neverending Story
Greece latest: Government wants final deal by 20 August
Politicians are due to vote on a second batch of reforms tomorrow in a fresh test of Prime Minister Alexis Tsipras’ authority.
# Open for Business
Greek banks reopen as citizens face massive price hikes
Greeks will be able to withdraw up to €420 at once per week.
# bad choices
'Giving another bailout to Greece is like giving money to a drug addict'
“Maybe [Tsipras] didn’t really have a plan.”
# feta-compli?
Greece latest: Eurozone ministers to make 'major' decision tomorrow
The country is looking for a €53 billion bailout.
# Your Say
Poll: Should Greece accept the terms of a new bailout?
Nai or oxi?
# Debt March
Greece has another €10.3 billion in debt due in 2015
And you thought your debts were bad.
# bailout secret
Patrick Honohan: Brian Lenihan was "very cross" before I made THAT phonecall
“I knew they wouldn’t be all that happy that I made the announcement, but I didn’t realise they’d be so unhappy.”
# State of the Nation
Is Greece about to kiss the euro goodbye?
Here’s everything you need to know about what’s happening in Irish politics right now…