Carney: BoE ‘nowhere near’ exhausting macropru tools
Governor debates debt levels on panel at Bundesbank conference
The Bank of England (BoE) is "nowhere near" to exhausting its store of macro-prudential tools, governor Mark Carney said today, during a panel discussion at the Deutsche Bundesbank's conference on debt and financial stability.
In June 2014 the BoE imposed a limit on the amount of mortgages banks could grant with a loan-to-income ratio greater than 4.5, capping it at 15% of their new mortgage lending.
Earlier this week the UK's Financial Policy Committee insisted the "insurance" provided by the
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