Monday 29 May 2017

Central Bank must not ignore needs of citizens

The Central Bank in Dublin
The Central Bank in Dublin
Editorial

Editorial

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.

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