Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Irish inflation is easing, helped by by tighter monetary policy, but it remains high and its future path sensitive to potential global shocks and the persistence of buoyant domestic demand, the Central Bank of Ireland noted in its latest Quarterly Bulletin.
In the release published Tuesday, the central bank said domestic inflation will dip to an average 5.4% this year and 2.3% by 2025 -- a touch above the ECB's average projection for the whole of the eurozone.
Headline harmonised inflation's path back to lower levels is likely to be gradual and uneven, said Robert Kelly, Director of Economics and Research, noting that the contribution of external drivers has declined, with domestic factors playing an increasingly important role in price dynamics over the forecast horizon. Reflecting the stronger role of domestic factors in driving services inflation in particular, Kelly said core inflation (excluding energy and food) is expected to be more persistent, and average 2.7% in 2025.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.