RPT-Irish central bank says 'crucial' that government sticks to fiscal targets

Wed Apr 30, 2014 8:40am EDT

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(Repeats without changes to fix USN)

DUBLIN, April 30 (Reuters) - The governor of Ireland's central bank on Wednesday said it was "absolutely crucial" that the government stuck to its fiscal targets following the country's exit from its EU-IMF bailout last year.

Patrick Honohan told a news conference that efforts to deal with mortgage arrears in the country were "broadly on track," but that it was unclear if Irish house prices were still undervalued after climbing 8 percent last year.

Honohan also said he was satisfied with stress test scenarios announced by the European Banking Authority for Irish lenders. (Reporting by Conor Humphries; Editing by John Stonestreet)