Mr. Jeremy Masding:

As I said to Deputy Pearse Doherty earlier, I am a guest in this country. I am an expatriate here but my overriding desire is for Ireland to have a fully functioning banking system, which depends on the right equilibrium between demand and the supply of properties. I want any house price inflation to be legitimate house price inflation. I do worry, as I am sure the Central Bank does, about the imbalance between demand and supply and for this reason, I am an advocate of the macroprudential interventions which the Central Bank make. In the absence of monetary policy and interest rate intervention, macroprudential intervention is the next place to go.