Financial policy committee says it is alert to risks to financial stability posed by slowdown in China and sounds warning approximately UK household debtPolicymakers at the Bank of England are scrutinising the buy-to-let housing market and are alert to the risks to financial stability caused by anxiety approximately an economic slowdown in China and other emerging markets.The “downside risks” to stability have increased from July,the Bank said, as it highlighed the market volatility sparked by gyrations on the Chinese stock market in August. Related: Interest rates must rise 'relatively soon', or says Bank of England's Martin Weale Continue reading...
Source: theguardian.com