The past few months has seen a dramatic change in interest rate expectations, first in the US, then in the UK and belatedly, in the euro area, said Dr Dan McLaughlin, Group Chief Economist, Bank of Ireland in his Global Markets research bulletin.
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Bank of Ireland is offering great rates to mortgage customers who switch their mortgage to the Bank.
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Bank of Ireland’s Group Chief Economist, Dr. Dan McLaughlin has said he expects the first anticipated ECB rate cut to become the main focus for the financial markets over the coming weeks.
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A new home insurance offer from Bank of Ireland Insurance Services’, offering half price insurance offer for new customers will end on the 30th September 2007.
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The Irish housing market is experiencing a slow down, a predictable result of a rising interest rate cycle and record growth in supply a new report has said.
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Bank of Ireland’s Chief Economist, Dr. Dan McLaughlin has said he expects the Bank of England to announce a quarter point increase in official sterling rates, taking the Bank rate there to 5.5%. He also expects that the ECB is likely to leave rates unchanged at the moment and will signal a move in June.
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Differential in house prices between Northern Ireland and the Republic set to narrow according to Bank of Ireland.
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UK house prices were down 2.6% in value during November, representing an annual drop of 14.9% since last year according to new figures from the Halifax.
