Central Bank leaves controls on bank credit unchanged

Bank acknowledges growth in some area but say credit conditions remain subdued

Philip Lane, governor of the Central Bank. The bank has left its controls on bank credit unchanged for another quarter.

Philip Lane, governor of the Central Bank. The bank has left its controls on bank credit unchanged for another quarter.

The Central Bank has left its controls on bank credit unchanged for another quarter. The bank said its countercyclical capital buffer (CCyB) rate on Irish exposures, in other words the additional buffer against bad times, would be kept at 0 per cent for the second quarter of 2018.

“This decision has been made in the context of subdued aggregate credit growth but also noting that credit growth to the household and NFC (non-financial corporation) sectors has recently returned to positive territory,” it said.

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