Lending growth in the economy slowed to a five-year low in June, according to the Central Bank.
Overall, private-sector credit grew at an annual rate of 14.3%, down from 15.1% in May. But annual growth in residential mortgage lending slowed from 10.9% in May to 10.2%, the lowest since 1991.
The Central Bank said residential mortgages grew by €893m from May, giving a monthly average of just over €900m for the first six months of the year, more than a third lower than in the same period last year. Growth in non-mortgage lending moved up from 18.3% in May to 20.2%.
