The new governor of the Central Bank says controversial mortgage rules, which particularly affect first-time buyers, will be reviewed during this summer.
Philip Lane has told The Irish Times that the regulations - which require a 10% deposit from first-time buyers - will be reviewed when a full year of data is available.
If changes were to be made it is likely that they would happen in late autumn at the earliest.
“The rules, I think, could be adjusted upwards or downwards. It’s not the case that the Central Bank picked the most severe rules. Those rules can be adjusted, recalibrated, but it’s not the case that we’d expected to see every quarter,” he told the newspaper.
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China's stock market calmed overnight as the newly introduced circuit breakers which had led to the suspension of trading on Monday and Thursday were removed.
Trading conditions were also improved by moves by the Chinese central bank to boost the yuan, it raised its guidance rate for the currency for the first time in nine trading days.
Markets across Asia, Europe and the US suffered major losses yesterday as panic selling in China created global jitters.
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Samsung has issued a profit warning, it expects profits for its fourth-quarter to be €4.7bn - analysts had thought that this figure would be closer to €5.1bn.
The firm has been affected by the slowdown in China and increased uncertainty in emerging markets.
Investors were braced for poor results - the shares enjoyed a 1.8% bounce after the warning was issued.
Apple has also been hit by slowing demand for high-end tech products, it is reported to have cut iPhone 6 production by up to 30%.
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Oil prices have remained volatile, falling below $33 a barrel yesterday evening - that was a 12-year low.
Prices recovered marginally, but uncertainty in China and the rift which has developed between Iran and Saudi Arabia have been driving down prices.
This dispute has dispelled speculation that OPEC may agree to oil production cuts to lift prices as tensions increase between two of its key producers.
Fresh indications that economic activity has slowed in India and China could lead to a prolonging of the current supply glut.
