Central Bank says Irish residential mortgage growth fell to 11.4% annual rate in April - the lowest annual rate since 1992
May 30th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Central Bank said today that after an upturn in March, the annual rate of increase in Irish private-sector credit reverted to trend by declining in April, to 15.9 per cent. The annual increase in non-mortgage credit fell to 19.3 per cent and the residential mortgage growth rate continued to decline, to 11.4 per cent in April, the lowest annual rate since 1992.