BoE introduces ‘ground-breaking' macro-pru measures to prevent housing bust

14325923030-d31f671499-z
Mark Carney with today's announcements

The Bank of England (BoE) today announced macro-prudential actions to stem the build-up in household debt amid a London property boom that some believe could force the bank to raise interest rates prematurely.

BoE governor Mark Carney conceded the measures will have no effect so long as the economy develops along the path the BoE has predicted – but the move was nevertheless described as "very significant" by lawmakers.

The bank's Financial Policy Committee (FPC) asked the Prudential Regulation

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: