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The impact of these new HICP weights on annual inflation is not insignificant and is also heterogenous across countries. Looking ahead, the full impact will most likely only materialise over the course of the year as the relative prices gradually change.

Abstract This box shows how the economic impact of containment measures adopted in response to the pandemic differed across sectors and countries, and over time. The impact is assessed with a cross-sector vector autoregression VAR model. The results confirm that containment measures had a relatively large impact on sectors with non-teleworkable, contact-intensive occupations, such as recreational services. They also show that the impact of the measures varied across countries largely due to the different economic structures and containment policies.

There is evidence that economic agents learned how to cope with the restrictions over time. This suggests that more targeted measures, coupled with behavioural responses by households and firms, helped limit the economic costs of containment policies during the renewed wave. Looking ahead, the large divergence in the economic impact of restrictions across sectors is likely to persist at least in the short term. Liquidity conditions and monetary policy operations in the period from 4 November to 26 January Daniel Gybas Christian Lizarazo.

Economic developments in the euro area and in the United States in Abstract This box compares the economic performance of the euro area and the United States during While it is not yet possible to assess the long-term impact of the coronavirus COVID pandemic, it is interesting to take stock of the economic developments that have led to the worst loss in output in either region since the Second World War. Primarily as a result of the stricter pandemic-related lockdowns in the euro area, total GDP losses for somewhat exceeded those in the United States.

Nevertheless, the pattern in private consumption was similar in both economies despite the considerably larger fiscal transfers provided in response to the crisis in the United States.

Inflation was more subdued in the euro area, partly on account of special factors like the temporary reduction in German VAT. Interest rates Marginal lending facility 0. Inflation rate. Curious for more? Are you happy with this page? Our website uses cookies We are always working to improve this website for our users. Learn more about how we use cookies I understand and I accept the use of cookies I do not accept the use of cookies. You can use your card in shops, hotels, filling stations, restaurants etc.

Going abroad, sending or receiving money internationally is less hassle with AIB. We can help you with all the essentials including how to use your Debit Card to arranging Travel Insurance. For more information refer to: Schedule of International Transaction Charges.

Note: In addition to the charges outlined in the Schedule of International Transaction Charges, account transaction fees may also apply. For more information refer to:. For a list of countries in the Visa Europe Region click here. To view the rates for all other currencies visit the Visa website. Send an International Payment which is the quickest and most convenient way to send money abroad. This form is available in a print version from any AIB Branch or alternatively you can download the form from the link in the 'Downloads' section on this page.

Depending on your requirements, this form will cater for single or multiple Foreign Draft requests. Please note that these forms are updated from time to time. To ensure you are using the correct version, please obtain the form from this site or your local branch each time you wish to request a Foreign Draft. Charges may apply. Please see our Schedule of International Transaction Charges brochure for more information. Foreign Exchange rates may apply.

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Any transactions involving a currency conversion are subject to variable exchange rates. Retail foreign exchange rates are available from any AIB branch for reference purposes. Exchange rate losses may occur where an outgoing International payment is refused by AIB or the receiving bank due to incorrect or incomplete payment information.

Exchange rate losses may also apply in the case of cancellation or amendment to a payment transaction and unpaid items. The most effective means of sending or receiving money cross border is generally by International Payment. Drafts and cheques including international euro cheques not drawn on a bank in the Republic of Ireland cannot be cleared through the Irish clearing system. Due to the absence of a central European or international clearing system for paper, there is no standard mechanism or time period for clearance of paper items i.

However, it is advised to convert forex from Banks outside the airport for better rates. An important point to remember when it comes to the handling of Foreign currency like US Dollars, British pound, and other currencies is. One card could be loaded with more than 14 currencies which is very handy for Indian travelers traveling to more than one destination, this not only reduces the hassle to carry cash currency notes for different countries and also reduces the risk of paying higher conversion rates due forex rate fluctuation as the rate of conversion is locked at the time of uploading the money to the card.

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