Friday 28 July 2017

All eyes on review of tracker mortgages

'In data terms, manufacturing output prices for February are due on Wednesday' Stock photo: PA
'In data terms, manufacturing output prices for February are due on Wednesday' Stock photo: PA
Donal O'Donovan

Donal O'Donovan

European finance ministers meet today and tomorrow in Brussels. Dutch Finance Minister Jeroen Dijsselbloem, current Eurogroup president, will lose that job automatically if coalition talks following last week's Netherlands elections cost him his cabinet job at home.

The Eurogroup presidency emerged as an important institution following the crash, so if Mr Dijsselbloem does have to be replaced, the race will be hard fought.

At home, the Central Bank examination of tracker mortgage-related issues is due on Thursday. Interest is likely to focus on pointers towards enforcement and potential fines for lenders.

In data terms, manufacturing output prices for February are due on Wednesday. The Central Statistics Office will also publish county-level income and regional GDP data for 2014, which will no doubt fuel debate about regional policies.

Full-year results are due tomorrow from Independent News & Media (INM), the publisher of this newspaper. The country's biggest private sector media group is a bellwether for the market.

Results are due Thursday from IFG Group and Mainstay Medical.

Irish Independent

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