Economy Measure Code Measure Currency Code Amount (Local) Amount (USD) Source Details
Ireland 02 02 - Credit creation EUR 2,000,000,000 2,212,389,381
Ireland 02A 02A - Financial sector lending/funding EUR
Ireland 02B 02B - Support policies for long-term lending EUR OECD. http://www.oecd.org/coronavirus/en/ (accessed 15 April 2020).

No amount/estimate: the Central Bank has cut the Counter Cyclical Capital Buffer from 1% to 0%. This decision will free up bank capital that can be used to provide credit, and to restructure and extend the loans of bank customers, both individuals and SMEs.

Ireland 02C 02C - Loan guarantees EUR 2,000,000,000 2,212,389,381 DBEI. https://dbei.gov.ie/en/News-And-Events/Department-News/2020/May/02052020.html (accessed 9 May 2020); DBEI. https://dbei.gov.ie/en/News-And-Events/Department-News/2020/July/21072020.html (accessed 23 July 2020).

EUR2 billion COVID-19 Credit Guarantee Scheme (CGS) to support lending to SMEs for terms ranging from 3 months to 6 years, which will be below market interest rates. July 21, the Government introduced the Credit Guarantee (Amendment) Bill to the Dáil at second stage, an important step in bringing into effect the €2 billion COVID-19 CGS. This will ensure the availability of loans of up to six years at a discounted rate with the State acting as guarantor for 80% of each individual loan .

Ireland 02 02 - Credit creation EUR
Ireland 02A 02A - Financial sector lending/funding EUR
Ireland 02B 02B - Support policies for long-term lending EUR OECD. http://www.oecd.org/coronavirus/en/ (accessed 15 April 2020).

No amount/estimate: the Central Bank has cut the Counter Cyclical Capital Buffer from 1% to 0%. This decision will free up bank capital that can be used to provide credit, and to restructure and extend the loans of bank customers, both individuals and SMEs.

Ireland 02C 02C - Loan guarantees EUR