BoE’s Cunliffe says housing tools have worked

Sir John Cunliffe
Jon Cunliffe

The Bank of England’s Jon Cunliffe has said macro-prudential tools the central bank first tested five years ago have proved beneficial, as more evidence emerges on their effectiveness.

Speaking in Portugal, the deputy governor noted it was sometimes necessary to target borrowers, rather than lenders, with macro-prudential policy. In the BoE’s case, it imposed limits on high loan-to-value lending, and required banks to conduct an affordability test before granting customers mortgages.

The

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

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 individual account here: