2 The 1/5  BIS central bankers' speeches  evidence however is rarely clear cut and the impact of such measures can vary depending on, among other things, characteristics of national housing markets and the position in the financial cycle.
Whilst subject to intense debate, when we introduced the mortgage measures in 2015, the legacy of the crisis was still at the forefront of many people’s minds. This, to some degree, facilitated the subsequent broad societal understanding and acceptance of the measures.