BOE’s Carney warns about Overheating Housing Market

Bank England Governor Mark Carney said the central bank was ready to act if the U.K.’s fledgling recovery failed to materialize, and recommended limiting how much homeowners could borrow should the housing market overheat.

Speaking at the Treasury Select Committee on Thursday, the Canadian defended his “forward guidance” policy, and said the Bank could increase monetary stimulus if the pickup in business confidence and employment faltered.

“If recovery were to falter, if additional stimulus were to be required, we would consider whether to provide additional stimulus,” he said.


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