- BOE more willing to use interest rates to tackle bubbles than before crisis
- Higher interest rates are an effective but very blunt instrument to tackle financial stability risks and have a high cost
- Rise in high LTI mortgages could derail recovery
- Housing supply shortage may fuel prices and a debt build up
There’s not a great deal different to the comments he made earlier today to the BBC
The pound has dropped but that could be because were seeing some position adjustment ahead of the two big events
