Lending Levels Show Celtic Tiger Is More of a Pussy Cat ; Property

Summary

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Growth in lending to Ireland's private sector slowed further in February to its weakest level in over four years, with mortgage growth hitting a fresh 14-year low as the property market cooled.

Overall private sector credit growth slowed to an annual rate of 15.6 per cent last month from a revised 16.6 per cent in January and was the weakest rate of expansion since September 2003, data from the Central Bank of Ireland showed yesterday.

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Lending Levels Show Celtic Tiger Is More of a Pussy Cat ; Property

That was well below a peak of 30.3 per cent hi...

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