Blog Posts by Sean Whelan

IMF staff like the Central Bank’s mortgage plans

Posted on by Sean Whelan

By Sean Whelan, Economics Correspondent Staff at the International Monetary Fund have voiced support for the Central Bank’s plans to cap loan-to-value and loan-to-income levels for new mortgages. It has also commended its flexible approach to the limits. But it … Continue reading

Central Bank sells €0.5 billion of IBRC bonds – to the NTMA

Posted on by Sean Whelan

The Central Bank has sold half a billion euro worth of IBRC bonds – the debt instrument that replaced the promissory notes used to fund the losses of Anglo Irish Bank and Irish Nationwide building Society. The bonds were bought … Continue reading

Tax trends in the OECD

Posted on by Sean Whelan

By Sean Whelan, Economics Correspondent The OECD has been looking at the impact of the economic and financial crisis on taxation. It’s part of their regular “Revenue Trends” series, with tax data going back to 1965. So what does it … Continue reading

Draghi drags feet on QE

Posted on by Sean Whelan

By Economics Editor Sean Whelan So, no quantitative easing this month – no surprise there. But the European Central Bank news conference by Mario Draghi was peppered with references to QE, and a statement from the ECB president that a … Continue reading

Fear and loathing on mortgage arrears

Posted on by Sean Whelan

The fear and loathing over the Central Banks plan to impose an 80% Loan-to-Value limit on mortgage lending is somewhat overdone. 

The ECB letters

Posted on by Sean Whelan

by Sean Whelan Economics Correspondent The ECB is today examining the release for publication of four letters between Jean Claude Trichet and Brian Lenihan.  The letters are from the period October – November 2010, a particularly fraught time for the … Continue reading

Why do the multinationals come here?

Posted on by Sean Whelan

by Sean Whelan, Economics Correspondent New research by the ESRI for the Department of Finance looks at the impact of tax policy in the decision of Multinational Corporations (MNCs) to locate overseas. The standout finding is that if Ireland had … Continue reading

Deficit still dictating Budget arithmetic

Posted on by Sean Whelan

By Economics Correspondent Sean Whelan Next year the Government will spend a shade over €70bn. It will have an income of €65bn. So it has to borrow another €5bn to plug the gap. Indeed the Government is borrowing more than … Continue reading

Budget 2015 to mark the end of adjustments

Posted on by Sean Whelan

By Sean Whelan, Economics Correspondent The most important thing about this Budget is that it marks the end of the adjustments – a  year earlier than planned. The White Paper published on Friday night shows that the Government can easily … Continue reading

The Central Bank and the Anglo bond

Posted on by Sean Whelan

By Economics Correspondent Sean Whelan Is the Central Bank selling down its stock of Anglo Bonds faster than required? If it is, what bonds is it selling? And most importantly of all, will it cost us or save us money?

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