However, we see no need to activate borrower-based instruments intended to stabilise lending standards – in other words, a loan-to-value ratio and an amortisation requirement. How have we reached this assessment? House prices are an important indicator and have continued to grow sharply, rising by around 8% over the past year.
Each of the honorary degree recipients here has been closely associated with the Hebrew University in the past, and for each of us this day brings back memories, of times, of colleagues, of friends.