Central Bank mortgage rules review unlikely to bring major shift says governor

Philip Lane upbeat on economy but admits he is losing staff to to financial sector

27th April, 2016
Central Bank Governor Philip Lane. Pic: RollingNews.ie

In his opening comments, Central Bank governor Philip Lane, highlighted the introduction of strict lending rules by the bank last year as “an important initiative”.

The mortgage rules, presided over by Lane’s predecessor Patrick Honohan, have been a source of ongoing controversy in the past 12 months, with suggestions from some quarters that they are pushing houses beyond the reach of many first-time buyers and families seeking to trade up.

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