The ruckus over the decision by Alliance & Leicester and NatWest to restrict mortgages in areas wher...
The ruckus over the decision by Alliance & Leicester and NatWest to restrict mortgages in areas where house prices have risen fastest in the UK during the past year took on another twist today when the Bank of England's Monetary Policy Committee (MPC) neatly buried its views on the issue in paragraph 10 of the minutes of its last meeting that took place on 9 and 10 January. The committee pointed out that there may be a significant financial hangover on the way because most people borrowing on the basis of low interest rates do not yet realise that they are also in a low inflationary en...
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