The Central Bank has again robustly defended its restrictive mortgage lending rules, saying they are “permanent”.
At the presentation on Friday of the bank’s quarterly accounts, chief economist Gabriel Fagan said the bank was working on a review of the rules, which will be published in November, but said this review would not lead to their abolition.
Mr Fagan warned against people equating a review with a change in the rules.
“We shouldn’t think of a change taking place,” he said, adding that the rules may not be changed at all or may be tightened.
Read the full details in the Irish Times
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