BOE Pledges Vigilance on U.K. Housing as Momentum Increases
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Bank of England financial stability officials saw increasing momentum in the U.K. housing market and pledged to remain vigilant to “vulnerabilities” and to take more action if needed.
The Financial Policy Committee, which met in London for its quarterly meeting on March 19, said that part of its monitoring will include testing banks’ resilience to a property “shock” and a “snap back” in interest rates. Officials decided to make no recommendations, according to minutes released today.