EUROZONE

Irish mortgage rates fall below eurozone average

The Central Bank reports that in October, mortgage rates in Ireland decreased below the average for the eurozone. Mortgage rates increased across the rest of the single currency area as a result of the European Central Bank’s decision to combat soaring inflation by raising interest rates from 0% to 2%. In October, the average interest … Read more

Ireland’s prices have risen to record levels for the whole Eurozone

According to Eurostat data, prices in Ireland are estimated to have increased by 9.6% in the year ending in July, exceeding the Eurozone’s overall record inflation rate of 8.9%. Inflation rose by 0.4 percent in July, as estimated by Ireland’s Harmonised Index of Consumer Prices. Annual estimates of inflation for eight of the 19 Eurozone … Read more