Central Bank mortgage measures built up resilience during pandemic
Deputy governor of the Central Bank Sharon Donnery said previous research suggested house prices may have been up to 25% more expensive had the measures not been introduced.
Restrictions limiting the amount banks could lend to potential homeowners have built up resilience to protect borrowers during the Covid pandemic, the Deputy Governor of the Central Bank Sharon Donnery has said.
Speaking at the Bank of Lithuania’s macroprudential policy conference, the deputy governor discussed the ongoing review of the Central Bank's mortgage restrictions which Ms Donnery said played an important role over the past seven years by protecting banks and borrowers from financial shocks and dampening the rise is bigger mortgages and increased house prices.
