Sunday 26 February 2017

Budget at home and BoE abroad will dominate week

Colm Kelpie

Colm Kelpie

Bank of England Governor Mark Carney Picture: Bloomberg
Bank of England Governor Mark Carney Picture: Bloomberg

At home, the Budget will dominate the week ahead, while abroad investors will likely continue to keep a close eye on any comments related to the Brexit vote and its impact on sterling.

Finance Minister Michael Noonan and Public Expenditure and Reform Minister Paschal Donohoe will deliver the new Government's first Budget tomorrow, with around €1bn of tax cuts and spending hikes expected.

Elsewhere, Bank of England Governor Mark Carney and his five deputies speak at a series of public events aimed at examining how the Central Bank can better serve society.

The governors will hold talks with business leaders, teachers, students and the wider public in Birmingham, Derby, Dudley, Leicester and Nottingham. Expect further comments on the UK economy in the wake of the referendum.

Also, European Central Bank Executive Board member Yves Mersch gives a speech at Harvard University about monetary policy on both sides of the Atlantic. (Additional reporting Bloomberg)

Irish Independent

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