A UK, housing-industry lobby group, the Royal Institution for Chartered Surveyors, recently called for the Bank of England to try to 'cap' annual house price increases at 5%. This is in the context of evidence that house prices are accelerating again in the UK, despite measures of turnover remaining relatively subdued, and comments by Mark Carney, Bank of England Governor, that the Bank might contemplate interest rate rises if a housing boom got going.
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The Bank of England won't and shouldn't try…
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A UK, housing-industry lobby group, the Royal Institution for Chartered Surveyors, recently called for the Bank of England to try to 'cap' annual house price increases at 5%. This is in the context of evidence that house prices are accelerating again in the UK, despite measures of turnover remaining relatively subdued, and comments by Mark Carney, Bank of England Governor, that the Bank might contemplate interest rate rises if a housing boom got going.