Archive for December 2023

The number of mortgages on private homes that were in short term arrears of less than 90 days rose 3% between July and September compared to the previous quarter. But new Central Bank data today also shows that the number of mortgages in arrears over 90 days was unchanged compared to the April to June…

The US Federal Reserve held interest rates steady today and signaled in new economic projections that the historic tightening of US monetary policy engineered over the last two years is at an end and lower borrowing costs are coming in 2024. In a new policy statement, Fed officials took explicit account of the fact that…

The Economic and Social Research Institute has further downgraded its forecast for growth in the economy this year. However, in its latest Quarterly Economic Commentary the think-tank says the underlying performance of the economy is stronger than the headline figures suggest. It has also questioned the assumptions underpinning the national spending rule. Meanwhile, later today…

The European Parliament and EU member states have struck a deal on rules to strengthen conditions for those working through apps, such as ride-hailing drivers. Under the new law, many platform workers in Europe could be reclassified as employees and therefore gain access to labour and social protection rights, the parliament said. At least 5.5…

In an era where data is as valuable as currency, at we know that the ability to harness big data has become a critical factor in the success of businesses across industries. Big data, with its vast potential to provide deep insights into customer behaviour, market trends, and operational efficiencies, is revolutionising the way decisions…

The average cost of a private motor insurance policy fell by 7% last year to €568, new data from the Central Bank has found. That is despite a 20% rise in the cost of an average damage claim during the year, amid the inflationary environment. It means that on average, damage claim costs have risen…

The average interest rate on new mortgages in Ireland eased very slightly in October, new data from the Central Bank shows. But at the same time the average interest rate offered on term deposit accounts rose to its highest level in 14 years. At the end of the month, the average rate on new mortgages…

Residential property price growth picked up on a yearly basis for the second month in a row in October, Central Statistics Office figures showed today. Prices for residential property increased by 2.3% in October compared with a near three-year low of 1.1% two months earlier. Prices had risen by 1.4% in September. Property price growth…

In the dynamic world of business, one factor consistently stands as a cornerstone of sustainability and growth: effective cash flow management. At we know this is often overshadowed by the pursuit of profits and revenue growth, the art of managing cash flow is critical to the longevity of any business, especially in today’s rapidly evolving…