The Tánaiaste said it is important to ‘utilise’ US President Donald Trump’s 90-day tariffs pause.

Paschal Donohoe welcomed Mr Trump’s decision to pause the so-called reciprocal tariffs.

Lower rates should growth amid signs that the post-pandemic recovery is slowing in the 20 countries that use the euro currency.

‘The period of elevated inflation now appears to have ed,’ Finance Minister Jack Chambers said of the inflation figure of 1.1%.

This compares to an annual increase of 2.6 per cent for the eurozone over the same period.

This compares with inflation of 2.3 per cent in Ireland in the 12 months to February 2024 and an annual increase of 2.6 per cent in the HI for the Eurozone in the same period.

Energy prices fell by 6.3 per cent in the year to February

Food prices are estimated to have increased by 0.4 per cent in the last month and are up by 12.5 per cent in the last 12 months.

According to Davy economist Conall Mac Coille, the Irish Government debt is set to fall to 39.7 per cent of gross domestic product (GDP) next year

This is in stark contrast to the rest of the Eurozone where rates have risen dramatically over the past year.

Your lunchtime update: Two men have appeared at Blanchardstown District Court charged with the murder of a 22-year-old man; and nurses working in an emergency department have described the current conditions as "unsafe and inhumane".

This is in contrast to the rest of the Eurozone where rates have risen dramatically over the past six months. 

Mortgage rates in Ireland steadied at 2.64 per cent in August, rising by just 0.01 per cent since July, according to newly released figures.

The interest rate in July stood at 2.63 per cent, down from 2.68 per cent in June.

At 2.68 per cent in June, the average interest rate on a new mortgage in Ireland is second only to Greece in the 19-country Eurozone.

Ireland’s rise in inflation compares to an annual increase of 8.9% in the Eurozone

Food prices were 17 per cent higher than the EU average

The European economy grew by an unexpectedly large 12.7% in the third quarter as companies reopened after severe coronavirus lockdowns, but the rebound is being overshadowed by worries that growing numbers of infections will cause a new downturn in ...