The Central Bank has left its controversial mortgage rules unchanged, warning that house prices would have risen even higher if they had not been in place for the past four years.
In his first major act as governor, Gabriel Makhlouf said that following a review of the measures, which require borrowers to meet certain loan-to-income and loan-to-deposit rules, there would be no changes next year. Exceptions that allow banks to offer mortgages outside these requirements...
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