Thursday January 23, 2020

Makhlouf and Central Bank should spurn the easy option

The housing market may still be something of a basket case, but that doesn‘t mean that the Central Bank should loosen the reins on lending rules

Ian Guider

Markets Editor

1st December, 2019
Gabriel Makhlouf, the Central Bank governor, is set to announce the outcome of the annual review of the mortgage lending rules. Picture Patrick Browne

The biggest choice facing anyone appointed to a state office is to disappoint the people who put them there in the first place. In his first significant policy announcement, which he will make in the next few days, the Central Bank‘s new governor Gabriel Makhlouf will undoubtedly incur the wrath of the government.

This Wednesday, Makhlouf will announce the outcome of the bank‘s annual review of the so-called macro-prudential rules, the measures that...

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