Central Bank chief hails mortgage lending rules as regulator continues review

Rules had worked to protect banks and borrowers, regulator said

Sharon Donnery, the Central Bank's deputy governor, said the mortgage rules, which restrict the amounts that home borrowers can borrow and the amounts mortgage banks can lend to customers, have worked well.

Sharon Donnery, the Central Bank's deputy governor, has hailed the success of the regulator's mortgage rules that will bolster expectations there will be little change in policy when a major review comes to an end this year.

In a speech to the regulator's own conference that features banking experts, Ms Donnery said the mortgage rules, which restrict the amounts that home borrowers can borrow and the amounts mortgage banks can lend to customers, have worked well.