Central Bank must not ignore needs of citizens
Published 28/04/2016 | 02:30
No-one has a monopoly on expertise, and the decision of the Central Bank to invite public submissions on its mortgage lending rules is a welcome development.
The fact that Dublin buyers must save more than €50,000 before securing a home loan under stringent mortgage lending rules is clearly an impediment to home ownership.
The wider economic rationale behind the restrictions are understood - to prevent a repeat of the risky lending and boom and bust cycles which destroyed the Irish economy.