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Central Bank Deputy Governor Derville Rowland

EU to adopt broader approach to boost capital market

Private finance has a key role to play in deepening the European Union's capital market to boost investment, with the bloc's finance ministers turning to …

Business • 1 hr

Today's fine is the first monetary penalty imposed on an investment fund by the Central Bank

Central Bank imposes its first fine on investment fund

The Central Bank has fined investment fund GlobalReach Multi-Strategy ICAV €192,500 for a breach of its reporting obligation under the European Markets Infrastructure Regulation (EMIR).

Business • 2 hrs

53% of mortgages entering arrears of between one and three months since the first half of 2022 were trackers.

Most mortgages entering arrears are trackers

New research by the Central Bank shows the majority of mortgage accounts going into default of up to three months in the past year have …

Business • 23 Nov

The Central Bank's latest Financial Stability Review has left mortgage lending rules unchanged

Central Bank Governor not ruling out another rate hike

The full effect of higher interest rates has yet to feed through the economy, according to the Central Bank's Financial Stability Review published today.

Business • 23 Nov

Green mortgages, where offered by financial institutions, have risen from 10% of mortgage loans in the first quarter of 2020 to 35% in the second quarter of this year.

'Green' loans account for 7.7% of outstanding mortgages

So-called 'green mortgages' or discounted rates for loans on homes with higher Building Energy Ratings (BER's) account for 7.7% of outstanding mortgages, but an increasing …

Business • 20 Nov

This is a set of rules governing the conduct of employees and executives in financial companies.

New accountability rules for financial firms published

The Central Bank has today published regulations and guidance for firms who have to comply with the Individual Accountability Framework (IAF).

Business • 16 Nov

The Individual Accountability Framework rules are being rolled out by the Central Bank and are due to come into operation over the coming months

Rules could deter executives from seeking senior posts

New governance rules, which would see individuals being held accountable for willful wrongdoing in the financial sector, could stymie recruitment to senior executive positions within …

Business • 14 Nov

David Malone, CEO, Irish League of Credit Unions, Governor Gabriel Makhlouf, Jennifer Carroll MacNeill, Minister of State and Martin Busch, President, Irish League of Credit Unions

Makhlouf urges credit unions to embrace change

The Governor of the Central Bank has told credit unions that they must be prepared to embrace change.

Business • 11 Nov

The average interest rate on a new mortgage here increased from 4.1% in August, to 4.3%.

Irish mortgage rates 6th highest in euro area

Irish mortgage interest rates increased in September, new figures from the Central Bank show.

Business • 09 Nov

Central Bank Governor Gabriel Makhlouf speaking at today's conference in Dublin (Picture: Central Bank)

Far too early for talk of interest rate cuts - Makhlouf

The Governor of the Central Bank Gabriel Makhlouf has said the economy and financial system "is still adjusting to the change in interest rates by …

Business • 08 Nov

The scams take different forms including fake loan providers and 'clones' of well-known personal finance service providers like banks.

New Central Bank campaign to help consumers avoid scams

The Central Bank has launched an information campaign to help consumers avoid personal finance scams.

Business • 01 Nov

The Central Bank said it was seeing an increasing number of cases of

Central Bank warns on 'ruthless' advance fee fraud

The Central Bank has today issued a warning about a "ruthless" scam that is targeting consumers looking for cash loans from online providers.

Business • 25 Oct

The CCR is a database that records whether borrowers' have successfully met the terms of credit agreements by repaying on time and in full.

DPC begins inquiry into CCR data breach by Central Bank

The Data Protection Commission (DPC) has begun an inquiry into a data breach by the Central Bank affecting the Central Credit Register (CCR).

Business • 13 Oct

The average interest rate on a new mortgage here increased from 4.06% in July to 4.10%.

Irish mortgage rates the ninth lowest in Eurozone

Irish mortgage interest rates increased slightly in August, new figures from the Central Bank show.

Business • 12 Oct

Former Permanent TSB chief executive David Guinane (Pic: RollingNews.ie)

Central Bank probe into Guinane resumes public hearings

A Central Bank inquiry set up to probe alleged participation by the former Permanent TSB chief executive, David Guinane, in the commission of a prescribed …

Business • 11 Oct

Contactless card transactions accounted for 84% cent of all Point of Sale (POS) card transactions in the first half of 2023, new Central Bank figures show

Total value of card transactions hit €6.8 billion in H1

New research from the Central Bank reveals that newer payment methods such as contactless card payments and digital mobile wallet card payments now account for …

Business • 29 Sep

Feargal Brady, the CEO and co-founder of NoFrixion

NoFrixion secures key authorisation from Central Bank

Irish finance fintech NoFrixion has been granted Electronic Money Institution (EMI) authorisation by the Central Bank - a significant milestone for the company.

Business • 27 Sep

The Governor welcomed the Minister for Finance's decision to establish a savings fund to put aside some windfall corporate tax receipts.

March 'too early' to expect rates to drop - Makhlouf

The Governor of the Central Bank has said his view is that March is probably too early a time to expect interest rates in the …

Business • 20 Sep

The Central Bank forecasts that inflation, measured by the Harmonised Index of Consumer Prices, will average at 5.4% this year

Economic growth to slow as exports weaken - report

The Central Bank has lowered its forecasts for growth in the economy based on weaker exports from multinationals in Ireland, but has left its outlook …

Business • 19 Sep

Today's Central Bank numbers show that the number of mortgages entering arrears of up to 90 days rose by 19% on an annual basis

Mortgage arrears down 4% on a quarterly basis

The total number of mortgage accounts on principal private homes in arrears fell by 4% in the second three months of this year, according to …

Business • 15 Sep

The average interest rate for new mortgage agreements in July was 4.06%, new Central Bank figures show

Irish mortgage rates slightly higher than euro average

Interest rates on new mortgages remained broadly steady in July compared to the previous month, new data from the Central Bank shows.

Business • 13 Sep

The NTMA issued €25.034 billion of Floating Rate Bonds, which were exchanged for the Promissory Notes held by the Central Bank, on foot of the Irish Bank Resolution Corporation's liquidation

Milestone reached as IBRC floating rate bonds cancelled

A milestone was reached by the National Treasury Management Agency today after it said it completed the cancellation of all Floating Rate Bonds that were …

Business • 07 Sep

The paper says at the start of the pandemic, both weak demand and too much supply contributed to disinflation.

Govt cost of living supports helped push up inflation

Government interventions last year to assist households with the rising cost of living appear to have added to demand, helping to push up inflation.

Business • 06 Sep

The new contract between the Central Bank and Grant Thornton is from 2023 to 2027 with an option for an additional two years.

Central Bank appoints Grant Thornton for external audit

The audit firm that has completed two controversial reports into the RTÉ payments scandal has secured a prestigious new €3m contract with the Central Bank.

Business • 31 Aug

The data also shows that the annual growth in consumer lending continued to accelerate in July

Rate at which household deposits are rising slows

Bank deposits by households rose at their lowest annual rate since early 2019 in July, new data from the Central Bank shows.

Business • 31 Aug