Oireachtas Joint and Select Committees

Tuesday, 4 April 2017

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Banking Sector: Quarterly Engagement with Central Bank of Ireland

10:00 am

Photo of Kieran O'DonnellKieran O'Donnell (Fine Gael) | Oireachtas source

Let us assume a low interest rate environment continues and that everything is pretty constant barring a rise in the price of houses. At what rate of increase in house prices over the next number of months would the Governor say that we need to change the rules on mortgage lending to ensure the price of houses does not go out of control for the first-time buyer?

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