Ireland’s Gerlach points to indirect impact of macro-prudential tools
Indirect channels appear to be showing strongest transmission at present
Macro-prudential tools in Ireland seem to be exerting their strongest effect through indirect channels, Central Bank of Ireland deputy governor Stefan Gerlach said on October 15.
The central bank introduced loan-to-value (LTV) and loan-to-income (LTI) caps in February, to put a brake on rising credit growth. Borrowers now face a 70% LTV limit on buy-to-let properties, 80% for owner-occupiers and 90% for first-time buyers. Mortgages are capped at a maximum of 3.5 times the borrower's annual
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com