Central Bank claim new mortgage lending rules have 'worked'

The Central Bank has said new mortgage lending rules which it introduced earlier this year have worked.

The new regulations were brought in on January 27, 2015.

Deputy Governor Stefan Gerlach, in an address to the Society of Chartered Surveyors annual conference, said macro-prudential policies introduced by the Bank had worked "by reducing the speculative element of housing dynamics".

However Mr Gerlach said it was too early at this stage to assess their impact on lending as the Bank did not have any firm data.

Meanwhile, the President of the MediKids Andrew Nugent described the Government's failure to introduce direct measures to improve housing supply as both puzzling and disappointing.


More in this Section

Jet makes emergency landing in Shannon after passenger falls ill

Gardaí confirm remains found 17 years ago belong to missing Aengus 'Gussie' Shanahan

Supreme Court to decide if Catherine Nevin's murder conviction can be used to disinherit her estate

More work needed to disrupt paramilitarism in Northern Ireland – watchdog


Breaking Stories

Physiotherapy hope for cancer patients thanks to Jane Tomlinson’s legacy

Review: Wexford Festival Opera

How to ace being the new girl at work

Tried and tested: Polar’s new Vantage M running watch

More From The Irish Examiner

https://steroid-pharm.com

https://xn----7sbajornvhu8c.com.ua

best-drones.reviews