BOE Sees Global House Prices Falling, Warns on China Risks
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The Bank of England warned that house prices are likely to fall further in many economies and flagged significant downside risks in the Chinese property market.
A further deterioration in activity and prices could pose risks to the Chinese economy and financial sector, which could spill over into the UK and other jurisdictions, the central bank said in a record of its Financial Policy Committee meetings held in late September and early October, which was released on Tuesday.