Central Bank of Ireland proposes lending restrictions

Dublin
Dublin, Ireland

The Central Bank of Ireland plans to flex its macro-prudential muscle by restricting banks' ability to extend mortgage loans with high loan-to-value (LTV) or loan-to-income (LTI) ratios.

Rather than a fixed limit, however, the central bank wants to introduce "proportionate" caps, similar to the "speed limit" approach adopted by the Reserve Bank of New Zealand in 2013.

Under the terms of the central bank's proposals, released today, banks would have to restrict the amount of new mortgage lending

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