BoE monitoring UK housing boom as it weighs inflation risk -Dep Gov

The Bank of England is carefully monitoring Britain's booming housing market as it weighs up the possibility that a rapid recovery from the COVID-19 pandemic will lead to a sustained period of inflation, Deputy Governor Dave Ramsden said.

"There is a risk that demand gets ahead of supply and that will lead to a more generalized pick-up in inflationary pressure. That's something we are absolutely going to guard against. We are looking carefully at the housing market and a raft of real-term indicators", Ramsden said in an interview published on Tuesday in the Guardian newspaper https://bit.ly/3i6xix3.

 

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