Central Bank warns against budget measures that would distort property market

In a pre-budget submission, Philip Lane calls for a separate national debt target

5th September, 2016
Central Bank governor Philip Lane

The bank's governor writes to the Minister for Finance annually but this is the first time that the Central Bank has published the submission in advance of the budget. In it, Lane emphasised the need to take a long-term view of the economy and to avoid any measures which would affect the property market.

“Any fiscal measures in support of the government’s housing strategy should be sufficiently targeted to avoid material aggravation of current distortions...

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