Central Bank's Gerlach says mortgage rules working "as intended"
Mortgage brokers warn lending volumes expected to drop by up to 30% in the fourth quarter
New rules on residential mortgage lending introduced by the Central Bank in January are "functioning" as intended, the deputy governor of the bank, Stefan Gerlach, has said, as mortgage experts warned that lending volumes are expected to drop by up to 30 per cent in the fourth quarter.
In remarks made at a Central Bank workshop on banking, credit and macro-prudential policy, Gerlach said the bank introduced the measures to "enhance the resilience ...
