Central Bank Governor: ‘Parties should have risk plans in election manifestos’

The head of the Central Bank has warned that party manifestos during the election should include “risk plans” amid any concerns the world may go back into recession.

Governor Philip Lane also agreed to consider a special credit system for homebuyers which would take into account their track record in paying rent when applying for a mortgage.

Mr Lane’s comments came as the Central Bank signalled the economy will weather the turmoil rocking international stock markets and continue to post very strong growth over the next two years.