The Bank of England would be risking a dangerous housing bubble and a return to recession if it left interest rates at an all-time low for too long, its governor said on Wednesday. Mark Carney said rising housing prices could result in households taking on more mortgage debt to afford a new home, limiting their ability to spend money on other things are dragging the economy back into contraction. "The Bank is well aware that a prolonged period of historically low interest rates could encourage other risks to develop. In the UK, the biggest risks are associated with the housing market," he said, speaking in Glasgow at ... (full story)