Belfast Telegraph

Bank 'prepared' on house prices

Press Association

THE Bank of England insists it is ready to act on the threat of an overheating housing market. Policymakers said they would monitor the market as it "appeared to have gained momentum and be broadening" – and be on the look-out for a bubble that could threaten financial stability. Governor Mark Carney has already said it could intervene to dampen an unsustainable house price boom.

THE Bank of England insists it is ready to act on the threat of an overheating housing market. Policymakers said they would monitor the market as it "appeared to have gained momentum and be broadening" – and be on the look-out for a bubble that could threaten financial stability. Governor Mark Carney has already said it could intervene to dampen an unsustainable house price boom.

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