#Fisher issues #house #price #warning Paul Fisher, executive - TopicsExpress



          

#Fisher issues #house #price #warning Paul Fisher, executive director of markets at the Bank of England, has warned that the Bank needs to avoid pouring oil on the fire of runaway house prices. The Bank has withdrawn its Funding for Lending scheme from housing lending, partly because of its own success, and Mr Tucker believes mortgage lending is not … as yet excessive. However, he added: Sharply rising house prices are a potential source of instability and we should not risk adding policy oil to that particular fire. Meanwhile, Adam Posen, a former member of the BoEs MPC, has urged the Bank to dampen George Osbornes Help to Buy scheme. Mr Posen said the scheme is in danger of creating a new property #bubble.
Posted on: Fri, 24 Jan 2014 11:00:00 +0000

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