Comment: Central Bank lowers Defcon warning on housing

An Irish Central Bank that is not warning about skyrocketing house prices takes some getting used to.

5th November, 2005

An Irish Central Bank that is not warning about skyrocketing house prices takes some getting used to. But last week, the Dame Street regulator did just that, by lowering its own version of the Defcon early warning system from status of total housing market meltdown to a fairly mild level of watchful concern.

It represented a big change of tone from a year earlier, when the Central Bank, headed by John Hurley, had sounded increasingly...

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