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09/04/2009
Inflation Lowest In Over 70 Years
The rate of inflation is now running in negative numbers, and in a state of deflation at 2.6%, a level not seen since 1933.
The latest figures from the Central Statistics Office show consumer prices fell by 2.6% in March, the third month of price falls in a row.
The fall means prices of goods and services are now at the same level as August 2007.
One of the major contributing factors in has been the rapid decline in interest rates after several rate cuts by the European Central Bank.
It was hoped that the falling rates would reinvigorate the property market, but this has been challenged today by the AIB. The bank says the reduction in mortgage interest rates and falling house prices are unlikely to revive the property market.
A spokesman for the bank said not expect the tax increases announced in Tuesday's Budget to affect affordability for first-time buyers, while its housing market bulletin for April predicted no pick-up in the sector.
The bank said concerns about the current economic climate and job security are the main factors contributing to the falling mortgage uptake.
(DW/JM)
The latest figures from the Central Statistics Office show consumer prices fell by 2.6% in March, the third month of price falls in a row.
The fall means prices of goods and services are now at the same level as August 2007.
One of the major contributing factors in has been the rapid decline in interest rates after several rate cuts by the European Central Bank.
It was hoped that the falling rates would reinvigorate the property market, but this has been challenged today by the AIB. The bank says the reduction in mortgage interest rates and falling house prices are unlikely to revive the property market.
A spokesman for the bank said not expect the tax increases announced in Tuesday's Budget to affect affordability for first-time buyers, while its housing market bulletin for April predicted no pick-up in the sector.
The bank said concerns about the current economic climate and job security are the main factors contributing to the falling mortgage uptake.
(DW/JM)
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16 January 2009
Fine Gael Call For Interest Rate To Be Passed On
A Fine Gael's Enterprise spokesman has called on the Government to ensure the recent interest rate cuts are passed on to the Irish public. TD Leo Varadaker said all banks must follow the lead set by AIB, Bank of Ireland, Halifax and Ulster Bank by passing on the rate cut in full.
Fine Gael Call For Interest Rate To Be Passed On
A Fine Gael's Enterprise spokesman has called on the Government to ensure the recent interest rate cuts are passed on to the Irish public. TD Leo Varadaker said all banks must follow the lead set by AIB, Bank of Ireland, Halifax and Ulster Bank by passing on the rate cut in full.
20 October 2014
Teenager Dies In Cork House Fire
A teenager has died in a house fire in Co Cork on Sunday. Emergency services were called to the Elmvale area at around 3pm. It is thought the 17-year-old male fell asleep after leaving the chip pan on. He was pronounced dead at the scene. No-one else was in the house at the time of the incident.
Teenager Dies In Cork House Fire
A teenager has died in a house fire in Co Cork on Sunday. Emergency services were called to the Elmvale area at around 3pm. It is thought the 17-year-old male fell asleep after leaving the chip pan on. He was pronounced dead at the scene. No-one else was in the house at the time of the incident.
01 December 2009
Body Found After Ferry Fall
A woman's body has been recovered from the sea off the Co Wexford coast. According to reports this morning, lifeboats were summoned at around 10pm last night, after a woman in her 40s fell overboard from a Stena Line ferry.
Body Found After Ferry Fall
A woman's body has been recovered from the sea off the Co Wexford coast. According to reports this morning, lifeboats were summoned at around 10pm last night, after a woman in her 40s fell overboard from a Stena Line ferry.
14 October 2011
'Stop Raising Mortgage Rates' Says Elderfield
Banks have been asked to stop raising standard variable rates on mortgages in a bid to relieve the problem of mortgage arrears.
'Stop Raising Mortgage Rates' Says Elderfield
Banks have been asked to stop raising standard variable rates on mortgages in a bid to relieve the problem of mortgage arrears.
27 July 2015
Residential Property Prices Rise Nationally
Residential property prices increased nationally by 10.7% in the year to June, according to the Central Statistics Office (CSO). This compares to an increase of 13.8% in May and an increase of 12.5% in the twelve months to June 2014. Residential property prices rose nationally by 0.1% in the month of June. This compares with an increase of 0.
Residential Property Prices Rise Nationally
Residential property prices increased nationally by 10.7% in the year to June, according to the Central Statistics Office (CSO). This compares to an increase of 13.8% in May and an increase of 12.5% in the twelve months to June 2014. Residential property prices rose nationally by 0.1% in the month of June. This compares with an increase of 0.
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Ireland WeatherToday:A sunny but frosty start for many. However cloud increases by midday with a few showers reaching the north coast, these mostly light but spreading inland this afternoon. Chilly. Maximum temperature 8 °C.Tonight:A rather cloudy evening with scattered showers. Becoming drier through the night with some good clear spells developing and a patchy frost away from coasts. Minimum temperature 0 °C.
