BoE's Dale: Not our job to control house prices

FXStreet (Bali) - Bank of England’s Executive Director for financial stability and risk, Spencer Dale, crossed the wires over the weekend, after being quoted in an interview on the Daily Mail newspaper, saying that it is not their job to control house prices, nor can we control house prices.

Dale added: "House price will be determined by the underlying conditions of the market”. After stricter lending measures were introduced in the UK, with mortgages now going through a extra affordability checks, Dale said that "when people come to judge the success of this policy, it should be on whether or not we have controlled the levels of household indebtedness."