The Bank of France reaffirmed its opposition to any move aimed at easing mortgage lending conditions and criteria.
Bloomberg News reported, citing a statement from the central bank, that easing mortgage lending conditions and standards could prompt some households to take out too many long-term loans at higher interest rates.
It added that now is the worst time to ease borrowing conditions because France already has the highest debt levels in the eurozone.
At the same time, the bank notes a slowdown in the growth of mortgage lending in France due to rising interest rates.
The French newspaper Les Échos had previously reported that the Ministry of Finance was considering changing mortgage criteria with the aim of easing the requirements.
