High mortgage deposits a ‘necessary burden’ - Central Bank

The Central Bank’s rules requiring housebuyers to save high deposits are a heavy but necessary burden, according to its deputy governor.

At the Dublin Economic Workshop conference over the weekend, Sharon Donnery said the financial system still needed to build up resilience in advance of the next downturn.

She said the so-called macroprudential rules, which require borrowers to save up hefty deposits and also impose limits on lending, were needed to prevent lending ...