Comments by Bank of England governor Eddie George that monetary policy will have to be significantly...
Comments by Bank of England governor Eddie George that monetary policy will have to be significantly tightened up if the economy is to avoid overheating through strong consumer spending and fast rising house prices takes front page in most papers today. The Times says that George's deputy David Clementi added to the fears through his statement that "the longer it goes on the sharper is likely to be the eventual correction" of house prices. The buy-to-let market has already shown signs of falling off in parts of the country, The Times says, but the problem is the lack of supply o...
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