BoE's Dale: Recovery has 'number of years to go'

"We had a very deep recession, we have a number of years to go", he told the BBC. Dale added that interest rates will remain low for what he said would be a "sustained period". He also tempered talk of a housing market bubble, though pointed out the Bank is keeping a close eye on house prices. "We know that the housing market can quickly go from normal levels to overheating," he said. The housing market has been boosted by government-led iniatives such as Help to Buy, sparking talk of a potential house price bubble, though some economists have downplayed the threat. Spencer Dale...