Deputy governor for financial stability Sarah Breeden added that it is ‘not clear-cut’ what effect the new trade policy will have on inflation.

Consumer prices unexpectedly declined from a month earlier, while a fall in gasoline prices pushed the energy index lower.

Inflation cooled in March, but economists expect prices to reaccelerate as some of President Trump's tariffs kick in.

According to the CSO data, alcohol and tobacco saw the largest price increases over the last year, up 4.2%, followed by food and non-alcoholic drinks, up 3.3% ...

The new rate levied by Beijing, which has taken effect, comes in response to Mr Trump’s earlier move to raise the tariff on Chinese products to 104% as part of increases that hit US trading partners ...

Bank of Ireland Savings and Investment Index suggests that, despite dropping to 1.8%, inflation is still a key concern too ...

The S&P 500 was down 3.5% in morning trading, coming off its worst day since COVID wrecked the global economy in 2020.