Carney: housing market represents biggest risk for economy

Source: RTT News
© Scanpix/Reuters
The Governor of the Bank of England Mark Carney announced on Monday that the property market has a lot of problems at the moment and represents the highest risk for the economy. The main problem lies in jumping prices, however, the Bank of England cannot influence the housing market directly. The regulator is going to control banks, so they would lend money only to solvent borrowers.
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