(Reuters) – The Bank of England is carefully monitoring Britain’s booming housing market as it weighs up the possibility that a rapid recovery from the COVID-19 pandemic will lead to a sustained period of inflation, Deputy Governor Dave Ramsden said.
“There is a risk that demand gets ahead of supply and that will lead to a more generalised pick-up in inflationary pressure. That’s something we are absolutely going to guard against. We are looking carefully at the housing market and a raft of real-term indicators”, Ramsden said in an interview published on Tuesday in the Guardian newspaper https://bit.ly/3i6xix3.
(Reporting by Kanishka Singh in Bengaluru; Editing by Christian Schmollinger)
