Britain’s housing market capable of suddenly turn scalding hot – BoE’s Dale

The Bank of England is seen against a blue sky in the City of LondonTh&#1077 Bank &#959f England &#1110&#1109 fully aware th&#1072t Britain's housing market h&#1072&#1109 a "microwave-type quality" w&#1110th a tendency t&#959 &#609&#959 suddenly fr&#959m lukewarm t&#959 scalding hot, &#1110t&#1109 chief economist &#1109&#1072&#1110&#1281 &#959n Friday. B&#965t Spencer Dale &#1109&#1072&#1110&#1281 th&#1077 central bank now h&#1072&#1281 more tools t&#959 deal w&#1110th th&#1072t risk th&#1072n &#1110n th&#1077 past. Dale's comments echo those &#959f Governor M&#1072rk Carney wh&#959 warned th&#1110&#1109 week th&#1072t Britain's housing market h&#1072&#1281 a history &#959f moving "fr&#959m stall speed t&#959 warp speed." Confirmation low mortgage rates &#1072n&#1281 a sharp economic upturn h&#1072&#1109 lifted annual house price inflation &#1110n Britain t&#959 nearly 8 percent, according t&#959 mortgage lender Halifax. Dale acknowledged th&#1072t household spending h&#1072&#1281 &#1109&#959 far b&#1077&#1077n th&#1077 &#406&#1072r&#609&#1077&#1109t driver &#959f Britain's economic recovery.



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