Three years into the job as Central Bank governor this month, Lane may soon become the shortest-ever holder of the position. Minister for Finance Paschal Donohoe decided last year to put Lane forward to succeed then European Central Bank (ECB) vice-president Vitor Constancio as his term neared an end. It said last month that the Central Bank had given the expansion plan, which will involve up to 200 new jobs, the go-ahead to expand Barclays Bank Ireland. By and large, all sorts of things are coming here.”Lane spent most of his career studying central banks from the outside. “The mortgage rules are an important way for the Central Bank to do our core job, which is preserving financial stability,” Lane says.

Source: The Irish Times November 30, 2018 05:26 UTC