BOE Moves to Avoid Housing Bubble - Presented by: The Aol. On Network

Carney said it would "no longer be appropriate or necessary for us to have our foot on the accelerator" in terms of spurring mortgage lending. "It's better to shift into neutral." Sterling rose after the announcement, while construction firms lost more than 1 billion pounds ($1.63 billion) in value. Finance minister George Osborne said he backed the changes to the FLS scheme.



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