Oireachtas Joint and Select Committees

Thursday, 5 December 2019

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

Central Bank: Discussion

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

As of yesterday, there have been no changes to the mortgage rules. Not looking at the rights and wrongs of the matter or the Central Bank's independence, Mr. Makhlouf may have been aware that Deputy Micheál Martin said recently that if Fianna Fáil was in government, it would ensure that the Central Bank recognised rental payments to open up the mortgage market. How would Mr. Makhlouf view an effort by the Government to ensure the Central Bank changed matters? What would be the view of the European Central Bank and the Central Bank in respect of a policy direction from a Government? How would the Central Bank view a Government interfering in policies on mortgage rules, particularly relaxing the rules on mortgage lending?

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