Gerry Horkan (Fianna Fail) | Oireachtas source

I thank the Governor for that. A lot of points have been covered, so I will try not to be repetitive. I am not sure anybody referred to the limits in terms of house prices and mortgages and so on. There are mixed views on that. Some would argue that it is suppressing prices and keeping a lid on them. Others would say that it is not allowing people who want to be able to buy to get on the market at all, because their salary multiplied by three and a half times will not get to anywhere near the price they want to buy at. I think it is keeping prices down and that is not a bad thing for anyone trying to buy. What are the bank's thoughts on this issue? These are the bank's rules.