Cost of living - Mortgage rates remain exorbitant

EVEN though the latest figures published from the Central Bank yesterday showed somewhat of a slow-down, they hardly indicate that the brakes were overly applied.

The private sector owes €302.7 billion, and our rate of our credit growth is three times that of the European average.

Although the bank said the adjusted annual growth rate was 28.1% in September, the month it reported on, private sector credit logged the second-largest monthly increase of the year at €5.8 billion.