OECD tells Central Bank easing home loan rules risks pushing prices higher
European think tank says move implemented in October could destabilise economy
The Central Bank of Ireland’s decision to loosen rules on new home loans risks pushing prices higher and heightening the threat to the country’s financial stability, the OECD has warned.
The Paris-based policy group said the regulator’s move in October to ease lending restrictions could help more people afford to buy a house, but that it also threatened to further fuel demand in an already under-supplied market.
Under the changes announced by the Central Bank ...