Central Bank says Irish residential mortgages growth fell in June to the lowest since December 1991
Jul 31st, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Central Bank said today that the rate of increase in Irish residential mortgages dropped from a revised 10.9 per cent in May, to 10.2 per cent in June -the lowest since December 1991. The annual growth rate of Irish private-sector credit (PSC) fell to its lowest rate since June 2003, at 14.3 per cent, from 15.1 per cent in May. In aggregate, PSC increased by €2.6 billion in June.