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BoE to focus on housing in Carney's first financial stability report
The Bank of England will give its latest assessment of Britain's housing market and whether it sees any risk of a bubble, in a semi-annual report on financial stability due later on Thursday. Housing will be a key theme when the BoE presents its first Financial Stability Report since Governor Mark Carney joined the bank in July, according to a letter from Carney to a British legislator released overnight. Buoyed by economic optimism, easier credit and government schemes to boost construction and home ownership, British house prices are now rising at their fastest in three years. The increases have prompted fears ... (full story)
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