BoE monitoring UK housing growth because it weighs inflation threat: Deputy Governor By Reuters
© Reuters. FILE PHOTO: Dave Ramsden, Bank of England Deputy Governor for Markets and Banking, attends a Bank of England press conference in the City of London, Britain, Nov. 1, 2018. Kirsty O’Connor / Pool via REUTERS / File Photo
(Reuters) – The Bank of England is carefully monitoring the booming UK property market as it weighs the possibility that a rapid recovery from the COVID-19 pandemic will lead to a prolonged spell of inflation, said Deputy Governor Dave Ramsden.
“There is a risk that demand will overtake supply, leading to a more general rise in inflationary pressures. We will definitely protect ourselves from that. Term indicators, “said Ramsden in an interview published Tuesday in the Guardian newspaper https: //
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