Carney: 'I'll prevent a house price bubble'

In an interview with the Daily Mail, Carney (pictured) said he is alert to the 'damage' that could be caused by uncontrolled mortgage lending and surging house prices. He said: "I lived in the country in the late '80s, 1990s, I saw the boom-bust cycle in the housing sector, the damage it can do, the length of time it took to repair. I'm very alert personally to this issue." House prices have soared recently, climbing 4.6% in the three months to July, the highest annual rate for more than three years. The governor told the Mail that the Bank now has a "toolkit" to restrict mortgage ...