BoE’s FPC says no immediate action required on buy-to-let
Bank of England will monitor housing market ‘closely’, but action not needed presently
House price inflation is expected to increase "in the near term", while prices continue to rise faster than incomes, the Bank of England's financial policy committee said today in a statement (September 25).
While the statement comments on risks related to China and emerging markets, its main concern appears to be the UK housing market; buy-to-let mortgage lending could "amplify the housing and credit cycles", adding pressure to the house prices and overall financial stability, it says.
"The
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