The February meeting of the ECB’s Governing Council saw the central bank raise rates by 50bps. This follows a similar sized move in December, which came after two consecutive 75bps hikes in interest rates in the autumn and the initial 50bps move in July.

Staying the Course

Markets will be very much focused on central banks in the week ahead, as the US Federal Reserve, Bank of England and European Central Bank hold their first monetary policy meetings of 2023.

AIB's Economic Research Unit provides regular commentary on the domestic and global economy, currency and interest rate markets, and special commentary on key events...