Economic and Investment Outlook
Monetary tightening starting to bite
Euro Area lending slowed around turn of the year, Irish impact more on rates
EA-wide loans to euro area residents (households and
businesses) started to slow even before market turmoil
After years of higher priced mortgages, Irish rates are in line
with EA average
12.5
10.0
7.5
5.0
200
2.5
0.0
-2.5
-5.0
|
I
4.5
350
4.0
3.5
250
3.0
150
50
EUR, billion
Percent
2.5
2.0
1.5
-50
1.0
0.5
-150
0.0
I
I
I
I
SJ MSJ MSJ MS
2017 2018 2019 2020
M SJ MS J M
2021 2022 2023
-Ireland
Euro Area
2000 2005 2010 2015 2020
- Outstanding Loans, y-o-y growth, lhs
-Transaction flows, rolling 3 months, rhs
Gníomhaireacht Bainistíochta an Chisteáin Náisiúnta
National Treasury Management Agency
Source: ECB
Source: ECB
20
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