BOE’s Ramsden: Central bank monitors UK housing boom as it weighs inflation risk

The Bank of England (BOE) is closely watching the UK’s booming housing market, as it could drive the price pressures higher, threatening the post-pandemic economic recovery, Deputy Governor Dave Ramsden said in an interview with The Guardian on Tuesday.

Key quotes

"There is a risk that demand gets ahead of supply and that will lead to a more generalized 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.”

"If it is not temporary, we know what to do about that.”

“We can push bank rate up from its historically low level [0.1%] and we know what that will do to demand."