Posts Tagged: central bank

Central Bank announces consumer and investor protection priorities for 2020

The Central Bank has said that the protection of borrowers in mortgage arrears will continue to be a key priority for it during 2020. Derville Rowland, Director General, Financial Conduct at the Central Bank, said the bank will closely monitor the treatment of borrowers in arrears and take follow-up supervisory actions as required.  “As part… Read more »

No change to Central Bank’s mortgage lending rules

The Central Bank has decided not to make any changes to mortgage lending rules here that limit how much people can borrow from banks in order to fund house purchases.  Following a review, the regulator has concluded that the measures continue to meet their objectives of strengthening bank and borrower resilience. It also said the… Read more »

Irish mortgage rates still higher than euro zone average

Irish mortgage rates still higher than euro zone average New figures from the Central Bank show that Irish mortgage holders continue to pay the second highest interest rates in the euro zone. The average interest rate on all new mortgages issued here in August stood at 2.99%, down two basis points since the beginning of… Read more »

Irish banks have higher concentration of property loans than European peers – Central Bank

Irish banks have higher concentration of property loans than European peers – Central Bank Central Bank shows that Irish banks have a higher concentration of property lending than their European peers – with the concentration mainly in residential property. But in a Financial Stability Note, the Central Bank said the banking system here has increased… Read more »

Govt wants Central Bank in financial sector forum

Govt wants Central Bank in financial sector forum New structures to encourage the development of international financial services will include bringing the Central Bank into a new stakeholder engagement group with industry and see overall responsibility for promoting the sector shifting to the Department of Finance. A new strategy for the sector will be launched… Read more »

Central Bank slightly reduces estimates for economic growth this year

Central Bank slightly reduces estimates for economic growth this year The Central Bank has slightly reduced its estimates for economic growth this year, amidst an ongoing weakening of the international trading and economic environment. In its latest Quarterly Bulletin, the Central Bank expects GDP growth of 4.2% this year, down 0.2% since its January forecast…. Read more »