Bank of England keeping “very close eye” on housing market – Cunliffe

1 Minute Read by Reuters Staff (Reuters) – LONDON, July 13 (Reuters) – Deputy Governor Jon Cunliffe said on Tuesday that the Bank of England is keeping a “very close eye” on rising property prices but sees no dangers to the broader economy. “We’re keeping a careful eye on the extent to which a more active housing market with rapidly rising prices translates into household indebtedness, which is what we’re concerned about, an aggregate vulnerability in the economy,” Cunliffe said during a press conference. Huw Jones and David Milliken contributed reporting. William Schomberg is the author of this piece./nRead More