Wednesday, February 24, 2010

Live in it. Don’t depend on it.

Bank warns on house prices as QE anxiety hits sterling

Stark warnings about the prospects for the economy and the housing market have come from the Governor, Mervyn King, and other policymakers at the Bank of England. Giving evidence to the Treasury Select Committee, Kate Barker, a member of the Bank's Monetary Policy Committee and the author of two government-sponsored reports on the property market, said that "there are still adjustments to come in the housing market". She added: "It seems more likely than not to me that mortgage finance is clearly not going to be available going forward on the terms it used to be... I was rather surprised by the strength of prices in the housing market through last year and it's possible some people delayed decisions to move or put houses on the market. In some sense that can't continue."

Posted by dill @ 10:41 AM (1650 views)
Please complete the required fields.

2 thoughts on “Live in it. Don’t depend on it.

  • Quick Bank of England, throw some more free money courtesy of those evil hoarding savers at the mortgage lenders so that they can continue not having to pay savers a return and can keep inflating your investment portfolios!

    The economy depends on it etc.

    Please complete the required fields.

  • Makes you wonder how loaded staements like that are ?

    A bit like Soros saying Golds in a huge bubble to lower the price a bit while he fills his boots.

    Is Mervyn secretly wishing his property portfolio was significantly bigger ?

    Please complete the required fields.

Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>