New Central Bank governor to face pressure on mortgages

New Central Bank governor Philip Lane may face the challenge of an overheating housing market here and whether even stricter controls will be required to rein in home loan credit.

Finance Minister Michael Noonan yesterday named Mr Lane to succeed Patrick Honohan when he retires as governor later this year.

Mr Lane holds the Whately chair of political economy and is head of economics at TCD. More than 100 candidates were identified during an international recruitment search campaign, the finance minister said.