Oireachtas Joint and Select Committees
Thursday, 10 May 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Banking Sector: Quarterly Engagement with the Central Bank of Ireland
9:30 am
Professor Philip Lane:
Regardless of what happens, the Central Bank's role is to ensure we keep the system safe. Forecasting is not a core focus for the Central Bank. Our role is to make clear that regardless of what happens, whether house prices increase or decrease, the system will be stable. Our mortgage rules are brakes in the system.
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