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Carney’s Hottest Topic Sets BOE Thinking on Housing Curbs

Mark Carney has given himself one month to decide on what to do about the hottest topic in the U.K. economy: the housing boom.

Batting away questions on a possible property bubble this week, the Bank of England governor pushed the onus for cooling the market onto his financial-stability officials. The Financial Policy Committee now has four weeks to prepare for a June 17 decision when it can either unleash untested tools to curb lending or come up with a good excuse as to why it didn’t.