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  1. #1
    Legendry Member milos's Avatar

    The Bank of England !!!

    The Bank of England has modified the scheme to fund loans. BoE Governor, Mark Carney said the scheme to fund loans will no longer be designed for home buyers.

    He added that the property market would be risky for the economy. It means that the support of mortgage lending is not required.

    The bank has said that inflation in house prices increased and warned of risks to financial stability if there is a rapid rise in house prices and consumer debt.

  2. #2
    Legendry Member milos's Avatar
    The Bank of England kept its benchmark interest rate in December to a record low of 0.50%, which was in line with analysts’ expectations.

    The central bank also did not change monthly bond buying program in the amount of 375 billion pounds.

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