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Apr

26

Bank of England Won’t Hesitate to Act on Housing, Cunliffe Says

By Tony Seruga

Deputy Governor speaks at event in London on Tuesday
Highlights risks from buy-to-let, commercial real estate

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 late Tuesday, the deputy governor for financial stability highlighted three property “hotspots” that warrant attention: buy-to-let, lending at high loan-to-income ratios to owner occupiers and commercial real estate. He also singled out consumer lending as a separate threat…

Bank of England Won’t Hesitate to Act on Housing, Cunliffe Says

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