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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.
Your contributions will help us continue to deliver the stories that are important to you
The July rate hike will be the first in 11 years.
Amid heightened anxiety over inflation, the European Central Bank’s Governing Council will meet tomorrow.
The digital challenger bank is increasing its offering to Irish customers as Ulster Bank and KBC Bank move to exit the market.
A final decision on the new look is expected in 2024.
The failures could have led to customers being denied access to basic banking services.
Despite rising prices, the European Central Bank also decided to keep its pandemic stimulus efforts unchanged.
The ECB says it’s closely monitoring what’s going on in government debt markets.
It comes against the backdrop of gloomy economic forecasts.
A resurgence of the virus has weakened euro area growth forecasts.
The National Treasury Management Agency auctioned €1.5 billion of Irish government bonds last week.
The European Court of Justice warns the decision could jeopardise EU legal unity.
The economic effects of coronavirus can be mitigated “if we handle it well,” according to the Bank of England.
PTSB, which is 75% State owned, has been defending its plan to sell off a book of non-performing loans.
Minister for Finance Paschal Donohoe said he didn’t want the candidacy of Lane to be a “source of disagreement”.
The European Commission and ECB say “recent price and rent increases have drawn attention to persistent housing supply bottlenecks”.
Charles Trevelyan is one of the most vilified figures in Irish history but Varoufakis sees parallels in the ECB’s Jean-Claude Trichet.
The challenge to the bond-buying plan could have ended the single currency.
The note is known as a ‘Bin Laden’ because of its associations with crime.
Their campaign will continue, however.
The ECB cut a key interest rate to a new record low for the region today.
Things were looking OK there for a while.
But it has been a good few years to be Dutch, Belgian or Danish.
The country’s parliament has approved the deal after all-night talks.
Politicians are due to vote on a second batch of reforms tomorrow in a fresh test of Prime Minister Alexis Tsipras’ authority.
Greeks will be able to withdraw up to €420 at once per week.
“Maybe [Tsipras] didn’t really have a plan.”
The country is looking for a €53 billion bailout.
Nai or oxi?
And you thought your debts were bad.
“I knew they wouldn’t be all that happy that I made the announcement, but I didn’t realise they’d be so unhappy.”
Here’s everything you need to know about what’s happening in Irish politics right now…
A former senior finance official has revealed secret plans were made in case Ireland defaulted from the euro.
Here’s everything you need to know about what’s happening in Irish politics right now…
Finance Minister Michael Noonan earlier said he wasn’t optimistic a deal could be reached today.
The government has confirmed talks with the Central Bank and the NTMA about the implications of Greece exiting the eurozone.
The European Central Bank is due to hold an emergency meeting this morning.
A former top official at the Department of Finance said we are leaving our children with a huge bill.
The Finance Minister has been meeting with lenders.
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