Macro-prudential tools an ‘essential’ part of policy toolkit, Irish deputy says
Data is ‘limited’ but indicates policy is working, says Stefan Gerlach
Macro-prudential instruments are "needed" and becoming an "essential part" of policy-makers' toolkits, a deputy governor at the Central Bank of Ireland said today (November 16), as he reflected on their use in the country. His comments followed a statement by the European Commission and the European Central Bank (ECB), which welcomed the effect of Irish macro-prudential measures in housing.
In January, the Central Bank of Ireland introduced loan-to-income and loan-to-value limits on loans for
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