Bank of England won't hesitate to act on housing risks: deputy chief
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London
BANK of England (BOE) deputy governor Jon Cunliffe said the central bank's Financial Policy Committee (FPC) won't hold back from quashing risks that appear in the housing market.
In a speech in London late on Tuesday, the deputy governor for financial stability highlighted three property "hotspots" that warrant attention: buy-to-let, lending at high loan-to-income ratios to owner occupiers and commercial real estate. He also singled out consumer lending as a separate threat.
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