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BoE's Barker on housing market and wider economy

In a speech on 'The housing market and the wider economy' given on 24 January, Kate Barker of the Bank of England said UK house prices are likely to continue falling, though the effect on consumer spending won't be as big as in the past.

``Past experience suggests that house-price movements in one direction over a quarter are more often than not followed by a further change in the same direction,'' Barker said in a speech at a conference organized by the Institute of Economic Affairs at

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