Robert Shortt

Economics Correspondent

The Central Bank has also revised upwards both its forecasts for growth in the domestic economy and for inflation

Central Bank warns Govt not to exceed 5% spending rule

The Central Bank has warned that if Government expenditure in next year's Budget goes beyond its 5% spending rule, it runs the risk of stoking inflation further.

Business • 21 Jun 23

The number of properties in long-term arrears has continued to decline.

Jump in number of homeowners in short-term arrears

There was an increase of just under two thousand in the number of homeowners falling into short-term arrears in the first three months of this year, according to the latest figures from the Central Bank.

Business • 16 Jun 23

In percentage terms, 3.2% of people in employment here work multiple jobs compared to 1.9% in 2002.

Jump in number of people working two or more jobs

The number of people working in two or more jobs has increased significantly over the past 20 years, according to a new paper from economists at the Department of Enterprise, Trade and Employment.

Business • 15 Jun 23

Houses in Dublin City remain the only category to show an annual decrease in prices of 2.5%.

Residential property prices rose 3.6% in April

Residential property prices nationally rose in April by 3.6% on an annual basis, according to the CSO.

Business • 14 Jun 23

Revenue published the details of 19 tax settlements and 88 court-determined penalties and fines

Waste management firm tops Tax Defaulters' List

Revenue has published details of 19 tax settlement cases today totalling €7.3m, for the period from January to March 2023.

Business • 13 Jun 23

The Bank's Deputy Governor, Consumer and Investor Protection said the Bank did not have a mandate to restrict rates charged by lenders or to require them to provide certain products.

Central Bank board discusses rising mortgage rates

The Central Bank Commission, which acts as the Bank's board, discussed rising mortgage interest rates at its April meeting, according to minutes published today.

Business • 13 Jun 23

An amber alert acts as an early warning when there is the possibility that supply may not match demand (File image)

Amber alert over supply for electricity system lifted

The amber alert issued today on the country's electricity system has been lifted.

Business • 12 Jun 23

Data centres increased their power consumption by 31% and now account for 18% of electricity used.

Households cut electricity use, data centre use up 31%

Households reduced their consumption of electricity last year by 9%, according to new figures published by the Central Statistics Office.

Business • 12 Jun 23

Governor of the Central Bank of Ireland Gabriel Makhlouf said another rate rise in July is 'probable'

Hints and nudges as ECB eyes up interest rate rise

The hints have been dropped and thoughts have been nudged. The customary trailing of remarks by members of the ECB's Governing Council before they all meet in Frankfurt next week leaves little doubt interest rates will be increased by another quarter of one percent.

Analysis and Comment • 11 Jun 23

The daily average traded price of electricity per megawatt hour in May was €105.21, down 27% on May last year.

Wholesale electricity prices drop again in May

Prices on the wholesale electricity market fell again in May, according to the latest figures from the Single Electricity Market Operator (SEMO) which runs the all-island market for electricity.

Business • 08 Jun 23