Central Banks tells lenders to boost reserves

Central Banks tells lenders to boost reserves
The Central Bank has ordered banks to hold more money in reserve against their exposure to Irish assets. Pic: RollingNews

The bank has raised the so-called countercyclical capital buffer (CCyB) from 0 to 1%, a move aimed at preventing lending growth from getting out of control.

The Central Bank has ordered banks to hold more money in reserve against their exposure to Irish assets in a bid to prevent an economic shock.

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