Central Bank lowers house building forecasts

The bank's latest economic bulletin says any moves to raise spending or reduce taxes in some areas should be matched by countervailing measures in others to limit the risk of overheating

Central Bank's overheating concerns. Pic: RollingNews

The Central Bank’s latest economic report has again warned about the risk of a return to ‘boom-bust’ economic cycles.

Central Bank Governor Philip Lane last week warned that the government’s budget targets were not ambitious enough, and that it risked repeating the mistakes of the past.

Today, the bank’s quarterly bulletin says that although the Irish economy should continue to grow strongly, due to increased demand at home and favourable conditions abroad, this ...