- Fully aware that the environment of low and predictable interest rates could encourage excessive risk taking
- We will not hesitate to take further proportionate and graduated action on housing market if warranted
Comments on Reuters. Not sure where they’ve come from but I suspect it might have something to do with the BOE’s annual report that has just been released. If I can get the document open I’d be able to check.
Ok, it’s open and the comments are from the report and here’s the full paragraph.
We are fully aware that the environment of low and predictable interest rates necessary to nurture the recovery could encourage excessive risk taking in financial markets and by households. In November, the Bank’s Financial Policy Committee announced initiatives to reduce the stimulus being provided by the authorities to the housing market. We will not hesitate to take further proportionate and graduated action as warranted. That will allow
monetary policy to remain focused on providing the stimulus the economy needs or as long as it is needed to secure a strong, sustained recovery.
Nothing earth shattering after all that.
