Carney’s Powers Seen Primed to Take Heat Out of Housing
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Mark Carney has the powers he needs to take the heat out of Britain’s housing market, if officials decide to deploy them when they next meet, economists said.
Financial-stability chiefs led by the Bank of England governor can succeed in stopping values from spiraling out of control, according to 68 percent of respondents in the Bloomberg monthly survey of economists. The bank’s Financial Policy Committee said last month a tool to make affordability testing of borrowers more stringent will be available as soon as June.