Irish bank shares would put cryptos to shame. In the ten weeks to last Friday, shares in Bank of Ireland rose 47 per cent; AIB rose 25 per cent. Go back to October 2020 and Bank of Ireland is up 315 per cent; AIB is up 172 per cent. By comparison, the MSCI index of European Bank Shares is up 90 per cent since October. What’s going on? Irish banks are a good bellwether for the overall health of the eurozone. That's because they are super sensitive to changes in interest rates.  They're sensitive to changes in interest rates because…

Want to continue reading?

Join today with an Annual membership and get full access to The Currency for just €200 (68c per day) or try monthly membership for just €5 for your first month.

Subscribe

Cancel at any time.

Are you already a member? .