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Business Today |
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Thursday, 11 June, 2026 | | |
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Editor's Note |
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Good morning, reader |
The European Central Bank rarely takes markets by surprise when it comes to interest rate hikes. In recent years, the increase (or decrease) itself hasn’t been the most important thing on the Thursdays when such announcements come. Indeed, so well signposted are the bank’s decisions that the real news has come in the press conference after the announcement, when president Christine Lagarde or her predecessors have given traders and mortgage holders little tidbits to work off.
Given that history, it will be worth watching what reaction, if any, there will be to the widely expected 0.25 percentage points hike today. Assuming it comes, this will be the first rate hike in almost two years and another hike seems likely in the autumn. Joe Brennan goes through what to watch for today, and what may come next. We’ll be following the ECB’s decision live throughout the day on irishtimes.com
The World Cup finally kicks off tonight but the real story of the tournament may be off the pitch. In Net Results, Emmet Ryan looks at how Fifa has taken a high-risk bet on using smartphones for tickets, how such a highwire act may not work out.
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Peter Flanagan |
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