Households continue to pay off debt

Irish households continue to deleverage six years after the property market crash, according to the latest figures from the Central Bank.

Total credit outstanding to Irish households was €97.8bn at the end of March, which was a 1.2% decrease on the previous quarter and a 3.6% drop compared with the same period in 2013.

Total deposits with banks in Ireland was €85.6bn over the first quarter of the year, a 1.5% decrease on 2013.