COMMENT: Restrictions on lending likely won’t cool bubbling property market
While there is some logic to the Central Bank’s new lending restriction proposals, it’s the side effects of these new measures that could prove problematic, writes Emma Kennedy.
On the face of it, the Central Bank’s new plan to curb irresponsible lending and borrowing makes sense. But while there’s logic to the Central Bank’s proposals, it’s the side effects of these new measures that could prove problematic.
So-called ‘macro-prudential’ proposals published by the bank today propose restrictions on mortgage lending, and are designed to prevent another devastating property bubble.
The plan will mean...
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