Central Bank governor casts doubt on Government proposals to ease lending rules for developers
Briefly

Mr. Makhlouf stated that banks are well capitalised and can lend more, as the Government seeks to ease rules for developers. Meetings are scheduled to discuss reducing upfront funding requirements for builders. He emphasized the importance of evaluating and ensuring existing Government housing policies are effective before introducing new measures. Makhlouf highlighted the banks' commercial judgments and risk appetites while advising careful consideration of any new policies affecting the housing market to avoid potentially detrimental outcomes.
My very strong advice to Government is that there are many interventions that they have already made, and are making in the housing market.
I have said, and I wrote to the Government, just to make sure that what you've got going, you know what it is achieving.
Read at Irish Independent
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