Interest Rate in Ireland
Ireland - Interest RateRecently released national accounts data showed that the economy contracted in quarter-on-quarter terms in Q1, owing to a slowdown in domestic demand and a sharp drop in exports amid ongoing Brexit uncertainty and rising global trade tensions. However, available data for Q2 points to a pick-up in the pace of expansion: Export growth was strong in the first two months of the quarter, which aided the acceleration in industrial production. Prospects for the manufacturing and services sectors also appeared brighter in June, with the corresponding PMIs climbing. Moreover, retail sales rose markedly in April–May amid falling unemployment. Nevertheless, Brexit-related uncertainties remain: A recent IMF assessment cautioned that the Irish economy could take a significant hit in the absence of a Brexit deal, due to the highly integrated nature of the Irish and UK economies.
Ireland - Interest Rate Data
|Policy Interest Rate (%)||0.25||0.05||0.05||0.0||0.0|
5 years of economic forecasts for more than 30 economic indicators.
Ireland Interest Rate Chart
Source: European Central Bank.
|Bond Yield||0.60||0.27 %||Aug 07|
|Exchange Rate||1.16||0.65 %||Aug 07|
|Stock Market||6,814||-0.39 %||Aug 07|
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August 7, 2018
The highly volatile Irish manufacturing industries production index declined 9.5% over the previous month in seasonally-adjusted terms in June, contrasting a revised 4.8% month-on-month expansion in May (previously reported: +3.4% month-on-month).
August 3, 2018
While conditions in the Irish services sector remained buoyant in July, they deteriorated from the previous month.
August 1, 2018
The Investec manufacturing Purchasing Managers’ Index (PMI) came in at 56.3 in July.
July 19, 2018
Quarterly national accounts data published by the Central Statistics Office on 19 July showed that in the first quarter of the year the Irish economy lost ground quarter-on-quarter, but sped up in annual terms.
July 5, 2018
The KBC Bank Ireland/ESRI consumer sentiment index dropped to a 13-month low of 112.1 points in June, down from 116.7 points in May, amid a tenser global backdrop.