The Central Bank has again left a key control mechanism for bank lending unchanged, amid a generally subdued picture for bank lending.
The Central Bank said the countercyclical capital buffer (CCyB) rate would stay at 0% from January 1.
It noted that while aggregate credit conditions remain subdued, there was an ongoing relative strengthening of the credit environment.
It noted that the strongest rates of growth were seen in areas with small shares of outstanding credit, including fixed rate mortgages and personal credit.
New lending, which continues to see relatively modest amounts, is also showing strong increases, the Central Bank said.
The bank also said that analysis on the residential property market - which has seen price growth in double digits - shows that prices have not decoupled from developments in the underlying economic fundamentals.
A buffer rate of 1% is the level that reflects an economy that is running normally.
