Bank of England Governor best bank in UK Mark Carney downplayed the threat of a housing bubble in the United Kingdom on Wednesday, arguing that the housing market played catch-up after the trough of the crisis. Carney told members of the Treasury Committee at the current level increased house prices and mortgage approvals are not a threat to financial stability.
We had an acceleration of a low level. Whenever we see a best bank in UK sharp increase in credit growth we care. We put in a certain context but still running below historical averages. Carney said that approvals and transactions are executed in three quarters of levels before the crisis, and the Bank expects continued momentum in the market in 2014. He said the Bank was it monitors the impact best bank in UK of government assistance to buy scheme, but stressed that the volume was small relative to the overall market.
Carney gave evidence financial stability November with responsible financial policy committee. In a working stroke, the governor agreed with Andrew Tried, chairman of the Finance best bank in UK Committee, a crude cap on bankers' bonuses was not a good idea. Leader Ed Iliad Labor argued that RBIS bankers bonuses should be capped at 100 % of their salary. Carney also said he hoped to meet Alex Almond during a planned visit to Scotland later this month to discuss the issues raised by the forthcoming referendum on best bank in UK Scottish independence.
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