BOE Says It’s Alert to Housing Market Stability Risks: Economy

The Bank of England said Britain’s housing-market recovery is gaining momentum and its Financial Policy Committee is ready to act if any risks to stability emerge.

While the FPC said property activity remains below its historic average, it “judged that it should closely monitor developments in the housing market and banks’ underwriting standards.” In a statement in London today following its meeting on Sept. 18, the panel also said it would be “vigilant to potential emerging vulnerabilities.”