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Topic of the Day: Archived Editions
31 January 2014
* * * * LATEST Q&A's on E M I R * * * *
THE EUROPEAN MARKET INFRASTRUCTURE REGULATION (EMIR) : AIB Customer Treasury Services helping you with your new responsibilities. Click below for latest EMIR Questions & Answers.
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20 January 2014
* EMIR - Q&A's ** EMIR - Q&A's ** EMIR *
THE EUROPEAN MARKET INFRASTRUCTURE REGULATION (EMIR) : AIB Customer Treasury Services helping you with your new responsibilities. Click here for EMIR Questions & Answers.
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10 January 2014
ECB WATCH - January 2014
ECB STRENGTHENS FORWARD GUIDANCE: The outcome of the ECB’s first policy meeting of 2014 was in line with market expectations, with no change to policy. The main refi rate remains at 0.25%, while the deposit rate was left unchanged at 0%. This wa...
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16 December 2013
IRISH ECONOMY WATCH - 16 Dec. 2013
Further patent-expiry related fall in pharma output depresses manufacturing output in October……….
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5 December 2013
ECB WATCH - December 2013
On hold, but ready for further action if needed As expected, the ECB left its interest rate policy unchanged at today’s meeting of the Governing Council. The main refi rate remains at 0.25%, while the deposit rate was left unchanged at 0%. Havi...
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29 November 2013
IRISH ECONOMY UPDATE - 29 Nov. 2013
STRONG IRISH LABOUR MARKET DATA: The National Household Survey for Q3 2013, published this week, points to a strong recovery in the Irish labour market. Employment rose for the fifth consecutive quarter, resulting in an annual gain of 58,000 jo...
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11 November 2013
IRISH ECONOMY WATCH - November 2013
Manufacturing output falls 2.1% in the 3 months to September * Pace of YoY decline has slowed Manufacturing PMI higher again in October, rising to a 30-month high of 54.9 OECD leading indicator in August at its best level since……
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7 November 2013
ECB WATCH - November 2013
ECB ANNOUNCES SURPRISE RATE CUT: In a surprise move, the ECB cut its main refi rate by 25bps to 0.25% at its council meeting today. The deposit rate was left unchanged at 0%. There had been speculation that the ECB might signal that a rate cut w...
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16 October 2013
IRISH ECONOMIC UPDATE - BUDGET 2014
Staying the Course : Significant savings have arisen, including from restructuring of the Promissory Notes, which have eased the pressure on the public finances in 2014. It means that the government has been able to scale back the €3.1 billion o...
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2 October 2013
ECB WATCH - October 2013
ECB READY TO CONSIDER ALL AVAILABLE INSTRUMENTS As expected, today’s meeting of the ECB’s Governing Council saw no change to interest rate policy, with the main refi rate remaining at 0.5%. The Governing Council also reaffirmed its forward guid...
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30 August 2013
BANK OF ENGLAND WATCH - Sept 2013
MPC in Forward Guidance Mode : The Bank of England moved into the realm of forward guidance when it released details of monetary policy guidance alongside its Quarterly Inflation Report on August 7th. The rational for forward guidance is to comm...
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2 August 2013
ECB Watch 1st August 2013
ECB on hold, confirms forward guidance as expected, the ECB left its interest rate policy unchanged at the August meeting of the Governing Council, with the main refi rate remaining at 0.5%. There was no discussion on cutting interest rates, wi...
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29 July 2013
BoE Watch - 26th July 2013
MPC MOVING TOWARDS FORWARD GUIDANCE: The July meeting of the MPC marked the first meeting under new Governor, Mark Carney, and he appears to have had an immediate impact on the Committee. This was evident in the fact that the MPC took the unusua...
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15 July 2013
IRISH ECONOMY WATCH - 15 July 2013
MANUF: Manufacturing output in May reversed April ‘s jump higher * SERVICE: Services index dropped back in May from April’s near 4 year high..* CONSTUCTION: Construction PMI still shows continuing contraction * HOUSING MARKET: Approvals pickin...
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5 July 2013
ECB WATCH - 4th July 2013
ECB PROVIDES FORWARD GUIDANCE: As expected, the ECB left its interest rate policy unchanged at the July meeting of the Governing Council, with the main refi rate remaining at 0.5%. However, the Governing Council did provide the market with a sur...
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28 June 2013
Bank of England Watch - July 2013
NEW GOVERNOR, BUT NO POLICY CHANGE EXPECTED: This month’s Monetary Policy Committee (MPC) of the Bank of England marks the first policy meeting under new Governor, Mark Carney. At the monthly policy meetings to date this year, the MPC has left U...
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7 June 2013
ECB WATCH - June 2013
ECB BACK ON HOLD: As expected, the ECB left its policy unchanged at this month’s meeting having cut the refi rate by 25bps to 0.5% in May. A further cut in rates was discussed this month, but there was a broad consensus to leave policy unchanged...
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27 May 2013
IRISH ECONOMY WATCH - May 2013
HIGHLIGHTS: Manufacturing production up 2.3% in Q1 after weak H2. YoY pace of decline has moderated…* Services index up in March after February’s fall, but still down 0.9% in Q1…* Construction sector still contracting across all sectors. Pace of...
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14 May 2013
FOREX & INTEREST RATE OUTLOOK
Continuing very loose monetary policy everywhere, with the ECB cutting rates further and very aggressive QE programmes being pursued in both the US and Japan * Currencies, apart from the yen, settle down again to range trade after some volatil...
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18 April 2013
IRISH ECONOMY WATCH
HIGHLIGHS: Manufacturing production up 6.8% in 3 mths to Feb v prev 3 mths while YoY pace of decline has moderated significantly…..* Services index dropped back again in Feb from its Dec high….* March services PMI shows further decline from Jan ...
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2 April 2013
Market Brief - TURKEY
Turkey has been the strongest performing economy in the OCED area in the past few years. GDP grew by 9.2% and 8.5% in 2010 and 2011, respectively. However, after two years of rapid well above trend growth, the economy has slowed significantly. G...
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8 March 2013
ECB WATCH - 7th MARCH 2013
ECB NOT KEEN ON FURTHER EASING: The ECB cut the refi rate by 25bps to 0.75% last July when the deposit rate was also cut to zero. A further refi rate cut was discussed at a number of subsequent meetings in H2 2012, but the ECB decided to hold fi...
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4 March 2013
BoE WATCH - 4th March 2013
MPC COULD WELL EASE POLICY FURTHER: At the last three monthly policy meetings, the Monetary Policy Council of the Bank of England left UK interest rates on hold at 0.50% and voted to maintain the size of its quantitative easing (QE) programme a...
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18 February 2013
IRISH ECONOMY WATCH - Feb 2013
Manufacturing production bounced higher in December—but, after 3 weak months, down 3.8% in Q4…* Monthly services index shows good rise in sector in Q4…* Construction sector still contracting across all sectors—but at slower pace…* Housing m...
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8 February 2013
ECB WATCH - 7th Feb 2013
ECB ON HOLD BUT COOLS CURRENCY: The ECB cut the refi rate by 25bps to 0.75% last July when the deposit rate was also cut to zero. A refi rate cut was discussed at a number of meetings since then, but the ECB held fire. At the January press confe...
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1 February 2013
BoE Watch - 1st Feb 2013
MPC ON HOLD DESPITE GDP DECLINE: At last two policy meetings in December and January, the Bank of England left UK interest rates on hold at 0.50% and voted to maintain the size of its quantitative easing (QE) programme at Stg375bn. The QE progr...
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17 January 2013
IRISH ECONOMY WATCH – 17th Jan. 2013
Manufacturing production is down 14.5% in 3 months to November….* Revised monthly services index shows sector broadly flat in recent months…* December services PMI down just slightly from Oct/Nov’s 5 year high, indicating continued strong sector...
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3 January 2013
FOREX AND INTEREST RATE OUTLOOK - January 3rd 2013
Our six page document covering: Global Economy Outlook * Interest Rate Outlook * Forex Market Outlook * and a Summary of Exchange Rate Forecasts…..
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17 December 2012
IRISH ECONOMY WATCH - Dec 2012
HIGHLIGHTS: Oct manufacturing production only slightly reversed Sept’s sharp decline. Large moves are not unusual, and tend to unwind ...* Mfg. PMI higher again in Nov, above 50 for 9th consecutive month … OECD leading indicator at 4 yr high….*...
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6 December 2012
IRISH BUDGET 2012
Budget 2013 provides for another large bout of fiscal tightening as it aims to keep the budget deficit on a firm downward path, as agreed under the terms of Ireland’s EU/IMF programme. The Minister is making savings of €3.5 billion next year and...
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30 November 2012
BoE Watch - December 2012
At its November meeting, the Bank of England left UK interest rates on hold at 0.50% and maintained the current size of its quantitative easing (QE) programme at Stg375bn……
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19 November 2012
irish Economy Watch - 19th Nov 2012
Highlights: Manufacturing production fell sharply (-14%) in September. * However, large moves are not unusual, and tend to unwind the following month…..* Mfg. PMI higher again in Oct, above 50 for 8th consecutive month …* OECD leading indicat...
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8 November 2012
ECB Watch - 8th November 2012
ECB STAYS ON HOLD FOR NOW: No major announcements were expected from the ECB meeting today and the ECB did not cause any surprise, with little new in its monthly policy statement. Market observers still feel, though, that we could yet get one fi...
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2 November 2012
BoE Watch - 2nd November 2012
At its October meeting, the Bank of England left UK interest rates on hold at 0.50% and maintained the current size of its quantitative easing (QE) programme at Stg375bn. This was in line with expectations given that the £50bn of extra asset pur...
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11 October 2012
Irish Economy Watch - October 2012
• Manufacturing production has stabilised after strong increases in early part of year…. • Strong increases by monthly services index in recent months, up 1.9% in 3 mths to August (+6.3% YoY in Aug)…. • Construction sector remains very weak - ...
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1 October 2012
BoE WATCH - October 2012
BoE TO REMAIN IN WAIT & SEE MODE: At its September meeting, the Bank of England left UK interest rates on hold at 0.50% and maintained the current size of its quantitative easing (QE) programme at Stg375bln. This was in line with expectations. ...
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7 September 2012
ECB WATCH - 6th Sept 2012
ECB UNVEILS KEY BOND BUYING PLAN: Virtually all of the focus for today’s ECB meeting was on what further information would be provided on its proposed new bond buying programme. The announcement a month ago that the ECB would launch a new bond b...
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4 September 2012
BoE WATCH - 4th Sept 2012
BoE TO SIT TIGHT FOR NOW: At its August meeting, the Bank of England left UK interest rates on hold at 0.50% and maintained the current size of its quantitative easing (QE) programme at Stg375bln……….
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10 August 2012
IRISH ECONOMY WATCH - 10th Aug 2012
Strong performance by manufacturing production in Q2, up over 5% in quarter…* Strong increase by monthly services index, up 2.6% in 3 mths to May…* Construction sector remains very weak…* Weak trend to registration and commencement data point...
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3 August 2012
ECB WATCH - August 2012
MARKETS DISAPPOINTED AS ECB PLAYS IT COY: Virtually all of the focus at today’s ECB Council meeting was on what policy actions the ECB might announce to help bring relief to those eurozone sovereign debt markets which have been under severe pre...
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31 July 2012
BoE WATCH - August 2012
BoE TO SIT TIGHT: At its July meeting, the Bank of England left UK interest rates on hold at 0.50%, but voted to extend its quantitative easing (QE) programme through increasing its stock of asset purchases by Stg50bln to Stg375bln. The extra S...
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8 June 2012
IRISH ECONOMY WATCH - JUNE 2012
HIGHLIGHTS: Volatile manufacturing production increased by 1.2% in 3 mths to April v prev 3 mths (+0.5% YoY… * Mfg PMI moved higher in May, in expansion territory for 3 consecutive months… * New CSO services index shows value of sector up 1.9% i...
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7 June 2012
ECB WATCH - June 2012
ECB Leaves Rates Unchanged : As expected, at its policy meeting today, the ECB kept its key refi rate unchanged at 1% for a sixth consecutive month. The ECB seems to be of the view that there is little more it can do for now to counteract the we...
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1 June 2012
BoE Watch - June 2012
BANK OF ENGLAND REPOENS THE DOOR TO FURTHER QE At its May meeting the Bank of England left UK interest rates on hold at 0.50%, while voting to continue its asset purchase programme totalling Stg325bln…..
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3 May 2012
ECB WATCH - May 2012
ECB MEASURES PRODUCE SHARP FALL IN RATES: As expected, at its policy meeting today, the ECB kept its key refi rate unchanged at 1% for a fifth consecutive month. The ECB seems to be in a monitoring mode at present as it assesses the effects of t...
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19 April 2012
IRISH ECONOMY WATCH - 19th April 2012
Highlights: Manufacturing production volatile, dropped back in Feb. Down 2.1% YoY in latest 3 months... * March services PMI edged lower but still well into expansion territory after Feb’s jump to 12 month high…* Construction sector remains we...
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4 April 2012
ECB WATCH - April 2012
ECB IN MONITORING MODE: As expected, at its policy meeting today, the ECB kept its key refi rate unchanged at 1% for a fourth consecutive month. The ECB is likely to take some time to assess the effects of the broad range of measures it has adop...
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29 March 2012
Irish Economy Watch - March 2012
Highlights: Manufacturing production volatile, rose again in January but still down 2.9% YoY in latest three months...*… BUT ... Mfg PMI back up in Feb to close to top of recent 48-50 range ...*…Jan OECD leading indicator back to highs of last...
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9 March 2012
ECB WATCH - March 2012
ECB NOW VERY MUCH ON HOLD: As expected, at its policy meeting today, the ECB kept its key refi rate unchanged at 1%. The ECB cut rates by 0.25% at its November and December meetings, fully reversing the two 0.25% rate hikes implemented in April...
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5 March 2012
BOE Watch - 5th March 2012
BoE Watch – 5th March 2012 Bank of England in Wait and See Mode: At its February meeting the Bank of England left UK interest rates on hold at 0.50% but voted to increase asset purchases (QE) by an additional Stg50bn……….
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24 February 2012
THE IRISH ECONOMY WATCH - 23 Feb 2012
Volatile manufacturing production rose in December, but still down by 1.1% in Q4 vis-a-vis Q3…..
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17 February 2012
FED WATCH - Feb 2012
FED EXPECTS TO KEEP RATES LOW FOR LONG TIME: The US Federal Reserve has kept its key interest rate, the Fed funds rate, at an historically low target range of 0 to 0.25 per cent since December 2008. The Fed, though, has eased policy further sinc...
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3 February 2012
BoE WATCH - 3rd February 2012
Markets Expect Further QE This Month: At its January policy meeting the Bank of England left UK interest rates on hold at 0.50%, while keeping its asset purchases at a total of Stg275bln. The vote was a unanimous one……
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20 January 2012
Irish Economy Watch – 20th Jan 2012
Irish Economy Watch – 20th Jan 2012 * Volatile manufacturing production fell back sharply in Nov, but still up 1.9% in latest 3 months ...... * Mfg PMI stable in December, remaining below 50 where it has now been for six of the last seven...
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6 January 2012
BoE Watch - 6th January 2012
MPC Keeps Door Open to Further QE: At its December policy meeting the Bank of England left UK interest rates on hold at 0.50%, while keeping its asset purchases at a total of Stg275billion. The vote was a unanimous one………
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7 December 2011
IRISH BUDGETARY & ECONOMIC OUTLOOK - 2012 TO 2015
Budget 2012 provides for another dose of fiscal tightening, although not as severe as in 2011. Its aim is to keep the fiscal deficit on a firm downward path, as outlined in the recently published Medium Term Fiscal Statement and agreed under the...
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21 November 2011
Exchange Rate Update - Nov 2011
Euro remains resilient to eurozone crisis but risks are intensifying…* Core eurozone bonds now under pressure with no end to crisis…* Sterling holds up despite weak UK economic outlook…* BoJ intervenes to hold back safe haven yen…
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11 November 2011
IRISH ECONOMY WATCH - 10th November 2011
Good performance by manufacturing production in Q3, up 2.2% in quarter, following weak Q2 * Meanwhile, the sector PMI bounced, just into growth territory, in October after four sub-50 months PMI indicates continued modest expansion in the ser...
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7 November 2011
BANK OF ENGLAND WATCH - November 2011
MPC VOTES FOR FRESH QE, DOOR OPEN TO FURTHER STIMULUS: its October policy meeting the Bank of England left UK interest rates on hold at 0.50% but announced that it was to embark on a fresh round of asset purchases or QE II. The amount of assets ...
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4 November 2011
ECB Watch - Nov '11
SURPRISE ECB RATE CUT: Mario Draghi took over as President of the ECB from Jean-Claude Trichet this week. He could not have picked a more difficult time. The recently agreed new bail-out deal for Greece is in danger of unravelling, threatening ...
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14 October 2011
Irish Economy Watch - 14th October 2011
Manufacturing production showed a marked rise in August - but data can be volatile on a month to month basis ... the sector PMI fell deeper into contraction territory in September, to a two year low…PMI indicates continued modest expansion in th...
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9 September 2011
ECB Watch - ECB PUTS RATE POLICY ON HOLD:
With the economy slowing almost to a stand still and the euro sovereign debt crisis continuing to deepen and now starting to give rise to concerns about the stability of the banking system....
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5 August 2011
ECB Watch - ECB KEEPS OPTIONS OPEN
At its policy meeting today, the ECB as expected left its key refi rate unchanged at 1.5%. This follows the 0.25% rate increase last month, in response to a rise in inflationary pressures, and a similar 0.25% rate rise in April....
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19 July 2011
LEAVING THE EUROZONE IS A LOGISTICAL NIGHTMARE:
While there has been some speculation that the debt crisis in the eurozone could trigger a partial or even complete break up of the euro, it is very hard to visualise the mechanics of how this would actually occur. Forget all the arguments about...
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15 July 2011
FED WATCH - July 2011
US RATES TO STAY VERY LOW FOR A LONG TIME: The US Federal Reserve has kept its key interest rate, the Fed funds rate, at an historically low target range of 0 to 0.25 per cent since December 2008. The minutes of the last FOMC meeting in late Jun...
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1 July 2011
BoE WATCH - July 2011
BOE MOVES FURTHER AWAY FROM POLICY TIGHTENING: At its June policy meeting the Bank of England left UK interest rates on hold at 0.50%. It also voted to leave its stock of asset purchases unchanged at £200 billion. We expect no change at the July...
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10 June 2011
ECB Watch - June 2011
At its policy meeting today, the ECB as expected gave a strong signal that rates will be increased at its next policy meeting in early July.....
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3 June 2011
Exchange Rate Outlook - 3rd June 2011
* Dollar overshadowed by dovish Fed * Euro volatile given current focus on Greek debt problems * Sterling held back as markets push out timing for UK rate hike * Yen remains strong despite Japanese economic risks *
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6 May 2011
ECB Watch - May 2011
ECB HOLDS OFF FOR NOW ON SECOND RATE HIKE: At its council meeting today, the ECB kept rates unchanged and did not give any signal that rates would be increased at its next policy meeting in early June, as many had expected……
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4 April 2011
BANK OF ENGLAND WATCH - April 2011
BoE FACES DIFFICULT POLICY DECISION: At its March policy meeting the Bank of England left UK interest rates on hold at 0.50%. It also voted to leave its stock of asset purchases unchanged at £200 billion. We expect no change at the April meeti...
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15 March 2011
St. Patrick's Day Bank Holiday Service
We will be providing a bank holiday service on Thursday 17th March 2011 from 8:00am to 5:00pm. Please contact Jane Kavanagh 01-6700170 or John Heffernan 01-6700137. Alternatively, should you wish to leave an order to execute business at a desi...
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11 March 2011
IRISH ECONOMY WATCH - 11th March 2011
Volatile manufacturing production declined in 3mths to January * February sees another good increase in the services PMI…* Construction sector remains very weak…* Just 14,600 new homes completed in 2010…* Period of CPI deflation has ended o...
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4 February 2011
BoE Watch - February 2011
Weak Growth & High Inflation Cloud Policy Outlook - At its January policy meeting the Bank of England voted to leave UK interest rates on hold at 0.50%....
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20 January 2011
IRISH ECONOMY WATCH - 20th January 2011
Growth in volatile manufacturing production declined in 3 Mths to Nov, but still up 12.1% YoY ... ... Manufacturing PMI recovered further in Dec from Sept dip below 50 level...
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6 January 2011
BoE WATCH - JANUARY 2011
STUBBORN INFLATION CLOUDS POLICY OUTLOOK: At its December policy meeting the Bank of England voted to leave UK interest rates on hold at 0.50%, the historically low level that has prevailed since March 2009. It also voted to leave the stock of a...
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17 December 2010
IRISH ECONOMY WATCH - 16th December 2010
Growth in volatile manufacturing production slowed in 3 Mths to October,…* Manufacturing PMI recovered further in Nov from Sept dip below 50 level….* Services PMI little changed in November….* New car sales continue very strong with the help of ...
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6 December 2010
BANK OF ENGLAND WATCH - Dec. 2010
BANK OF ENGLAND SITS TIGHT: At its November policy meeting the Bank of England voted to leave UK interest rates on hold at 0.50%, the historically low level that has prevailed since March 2009. It also voted to leave the stock of asset purchase...
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11 November 2010
Irish Economy Watch - 11th November 2010
Manufacturing production rebounded in Sept leaving Q3 output up 2.3% v Q2…. October manufacturing PMI recovered from Sept dip - back above key 50 level….The services PMI also edged back into expansion territory in October….
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28 October 2010
Bank of England Watch - Nov. 2010
MPC NOW SPLIT THREE WAYS: At its October policy meeting the Bank of England voted to leave UK interest rates on hold at 0.50%, the historically low level that has prevailed since March 2009. It also voted to leave the stock of asset purchases...
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15 October 2010
FED WATCH - October '10
FED LIKELY TO EASE POLICY FURTHER IN NOVEMBER: The US Federal Reserve has kept its key interest rate, the Fed funds rate, at an historically low target range of 0 to 0.25 per cent since December 2008. In its FOMC statements, the Fed has consiste...
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7 October 2010
ECB Watch - ECB TO KEEP RATES LOW
At its policy meeting today, the European Central Bank again left its refi rate unchanged at 1%, where it has been pitched since May 2009. The ECB continued to give the strong impression that rates will not be increased any time soon…..
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10 September 2010
IRISH ECONOMY WATCH - 10th September 2010
Consumer confidence has dropped back from June’s highs, which had been the best level since Oct 07…. * Mortgage lending as well as overall household lending contracting YoY…..
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3 September 2010
BoE Watch
At its August policy meeting the Bank of England voted to leave UK interest rates on hold at 0.50%, the historically low level that has prevailed since March 2009.....
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12 August 2010
IRISH ECONOMY WATCH - 12 Aug '10
Manufacturing output bounced back in May/June after April fall …* The services PMI moved further above the 50 level in July….* Car sales have surged in 2010 with the help of the scappage scheme…* Meanwhile, core retail sales appear to be stabili...
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29 July 2010
Bank of England Watch
BoE Stands Ready to Act Again if Recovery Falters:- At its July policy meeting the Bank of England voted to leave UK interest rates on hold at 0.50%, the historically low level that has prevailed since March 2009…..
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13 July 2010
IRISH ECONOMY WATCH - 13th July 2010
Manufacturing output bounced back in May after April fall, but still below very strong Q1 performance... * Manufacturing PMI, while still indicating growth, fell back in June…* The services PMI jumped strongly in June, to its highest level since...
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8 July 2010
ECB WATCH: NO MOVING FROM 1% REFI RATE:
At its policy meeting today, the European Central Bank again left its refi rate unchanged at 1%, where it has been pitched since May 2009. The ECB also continued to give the strong impression that rates will not be increased any time soon.....
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16 June 2010
IRISH ECONOMY WATCH - 16th June 2010
Manufacturing output dropped back in April after very strong Q1 performance…* The services PMI is at its best level since December 2007…* Car sales have surged in the first five months of 2010…* The construction sector remains weak…* Registratio...
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2 June 2010
The Irish Economy Watch - June 2010
ON THE ROAD TO RECOVERY: When Q1 2010 Irish National Accounts data are released towards the end of June, we expect them to show that the economy has emerged from a two year long recession. A broad range of indicators show clear signs of improvem...
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17 May 2010
Irish Economy Watch - May 2010
Manufacturing rebounds strongly in Q1 …* Services PMI also broke through the key 50 mark in April …* Car sales have surged in the first four months…* Though the construction sector still remains weak…* Expectations component well above the key 5...
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6 May 2010
ECB WATCH MAY 2010
ECB CONTINUES TO SIT TIGHT ON RATES: At its policy meeting today, the European Central Bank again left its refi rate unchanged at 1%, where it has been pitched since May 2009. The ECB also continued to give the strong impression that rates will...
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8 April 2010
ECB Watch April 2010
ECB SITTING TIGHT ON RATES: At its policy meeting today, the European Central Bank again left its refi rate unchanged at 1%, where it has been pitched since May 2009. The ECB also continued to give the strong impression that rates will not be in...
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16 February 2010
Exchange Rate Outlook - 16th Feb '10
* Dollar gets support from rise in risk aversion * Euro remains under pressure on sovereign risk concerns * Sterling beats hasty retreat versus dollar * Yen continues to see safe haven support *
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28 January 2010
BOE Watch - 28th January '10
RECESSION OVER BUT NO END IN SIGHT TO LOW RATES: The Bank of England left UK interest rates on hold at 0.50% at its January meeting, while voting unanimously to continue with its quantitative easing (QE) programme as announced last November. Thi...
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18 January 2010
IRISH ECONOMY WATCH – 18 JANUARY 2010:
Manufacturing output turns down in Q4 after strong Q3 Manufacturing PMI holds at 21 month high, just below the 50 level. . . Recovery in services sector continues with services PMI at its best since February 2008, within sight of key 50 level C...
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18 December 2009
IRISH ECONOMY WATCH - 18 Dec, '09
Manufacturing output remains subdued despite firm pharma/chemical sector….* Manufacturing PMI at a 21 month high. Output subcomponent above 50 level….* Car sales remain very weak….* Core retail sales still depressed….* Construction PMI highlight...
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10 December 2009
IRISH BUDGET 2010
Irish Budget 2010 Today, the Irish Finance Minister delivered another tough budget which should achieve his main aim of stabilising the rapidly rising fiscal deficit through budgetary savings of €4 billion next year. The budget targets look rea...
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3 December 2009
ECB WATCH - December 2009
LIQUIDITY SUPPORT TO BE SCALED DOWN: At its policy meeting today, the European Central Bank again left its refi rate unchanged at 1% for the seventh month running……. The 1% level is expected to be the trough for the refi rate ……
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13 November 2009
Irish Economy Watch - 13th Nov '09
Manufacturing output recovering in 2009 helped by pharma/chemical sectors * Manufacturing PMI at a 20 month high - moving ever closer to the 50 level * Services PMI at a 19 month high as it also moves closer to the key 50 level * Car sales remai...
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5 November 2009
FED WATCH: 05-11-09
FED STICKING TO VERY LOW RATE POLICY: As expected, the US Federal Reserve kept its key interest rate, the Fed funds rate, in a target range of 0 to 0.25 per cent at the conclusion of its FOMC policy meeting yesterday. The Fed has kept rates at ...
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