Main finance economic dashboards are signaling a soft landing scenario, as GDP growth forecasts hold at 2.1% for Q “It is imperative for CFOs to advance the maturity and sophistication of FP&A from an isolated, spreadsheet-laden capability at the basic end of the spectrum to a more defined, collaborative business process support by robust technology ecosystem tools and resources,” the report states. The vast majority of consumers still use AIB, Bank of Ireland or PTSB for the bulk of their banking, but most younger customers also use Revolut, according to the Department of Finance's latest Consumer Sentiment Banking Survey. Main finance sentiment turned cautious after July CPI came in hotter than expected, raising speculation of another 25bps rate hike. Equity markets are pricing in higher borrowing costs, pressuring growth-oriented sectors.
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