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Darragh O’Brien survives Judgment Day as his housing scheme gets pale green light from Central Bank

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Yesterday was a good day for Housing Minister Darragh O’Brien, as the Central Bank of Ireland (CBI) said it will adjust its mortgage measures to allow commercial banks participate in his controversial shared equity scheme.

However, in doing so it has admitted in its newly published Financial Stability Review that “in a supply-constrained market” the scheme “has the potential to increase pricing pressures”.

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