BoE's Carney downplays UK housing risks
Mark Carney, the governor of the Bank of England, today downplayed the risks of rising UK house prices, describing a recent increase in mortgage lending as "purely transactional" and noting that activity in the housing market was still short of its pre-crisis peak.
Carney told a parliamentary committee, during a hearing with the BoE's Financial Policy Committee (FPC) of which he is the chair, that while there had been an increase in "mortgage availability" as the UK economy has gathered pace
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