International Monetary Fund

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IMF praises Central Bank over mortgage lending rules

IMF praises Central Bank over mortgage lending rules

The International Monetary Fund has praised the Central Bank for its regulatory and supervisory role in Ireland in the aftermath of the economic crisis. It noted the loan-to-income and loan-to-value mortgage lending rules introduced here last year were "well justified" and recommended the measures be…
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Mixed reaction to Central Bank rules on mortgage lending

Mixed reaction to Central Bank rules on mortgage lending

There has been a mixed reaction to the new Central Bank rules on mortgage lending. Prospective home-buyers will have to save bigger deposits under the regulations. Banks will only be able to lend up to a maximum of 80% of a property’s value for most owner-occupiers.…