Ireland in a period of 'volatility', says Central Bank boss as US-EU trade war looms

Ireland in a period of 'volatility', says Central Bank boss as US-EU trade war looms

The “extreme uncertainty” was described as challenging by the Central Bank boss Gabriel Makhlouf.

In its first Monetary Policy Report (Ipom), the Central Bank drew the macroeconomic scenario that it has planned for this year.Although in the main it sees more growth for domestic activity and more inflation the risks are centered in the external scenario.Upward GDPFor the growth of the economy, the BC increased its projection from the range between 1.5%-2.5% to one between 1.75%-2.75%. In their argument they point out that the closing data of …

Looming tariff dispute between US and EU ‘extremely concerning’ – bank governor

Gabriel Makhlouf, governor of the Central Bank of Ireland, said that forecasting in a time of ‘extreme uncertainty’ is challenging. A looming trade dispute between the US and the EU is “extremely concerning”, the governor of the Central Bank of Ireland said, as he warned that the country is in a period of “significant change and volatility”. Gabriel Makhlouf said that forecasting in a time of “extreme uncertainty” is challenging, adding that he …

Clare in a good position ‘to weather current global political storm’

MUCH of Clare’s economy relies on international tourism, and while there are clear risks to it in a time of global political turmoil, Ennis hotelier Sean Lally feels the county has advantages that could see it through any difficulties on the horizon. “Nobody likes change and we’re at one of the most changeable times ever with all of the stuff that’s going on, that’s out of our control. But what we can control is our own county and we’re lucky en…

Escrivá asks to promote European construction and an approach to the United Kingdom before Trump’s tariffs – Pledge Times

The governor of the Bank of Spain, José Luis Escrivá, has warned of a context “extremely” uncertain for the economy mainly by the commercial war climbed by the president of the United States, Donald Trump. From an optimistic point of view, Escrivá considers that it is an opportunity to boost “European construction”, even to promote an “approach to the United Kingdom.” The trade war is also disputed in the currencies: how the euro/dollar change a…

The Central Bank delivered the projections of the economy, placing growth between 1.75% and 2.75% this year, by delivering its March Monetary Policy Report, IPOM. Inflation has evolved in line with what was projected in the December IPoM; however, it continues at high levels and with relevant risks about its [...] The entry Central Bank: Economy would grow to 2.75% this year was first published in Desenfoque.cl.