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Central Bank again warns over property

Central Bank - Worries over personal credit growth
Central Bank - Worries over personal credit growth

The Central Bank has again warned of the dangers of an overheated housing market and the composition of recent economic growth.

In its first quarterly bulletin of 2006, the bank says it is worried by the fact that there has been little or no slowdown in the pace of personal sector credit growth.

However, the bank says in today's bulletin that the outlook for the Irish economy generally remains good.

It is predicting gross national product growth for this year of about 4.5%, while gross domestic product growth is expected to hit 4.75%.