Tuesday , December 12 2017

Real Estate

Bank of England won’t hesitate to act on housing: Jon Cunliffe

A sign is seen at The Bank of England in London, Tuesday, Oct. 7, 2008.Shares at numerous British banks began falling as soon as the London Stock Exchange opened on Tuesday morning. RBS' shares were hit the hardest, after having its credit rating downgraded by a leading credit agency on Monday, with falls of 39 percent to 90 pence (US$1.56). Financial regulators halted trading in the shares (AP Photo/Kirsty Wigglesworth)

  Bloomberg Bank of England Deputy Governor Jon Cunliffe said the central bank’s Financial Policy Committee won’t hold back from quashing risks that appear in the housing market. In a speech in London, the deputy governor for financial stability highlighted three property “hotspots” that warrant attention: buy-to-let, lending at high ...

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