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10 Jan 2018
BoE's Broadbent: Level of UK consumer debt is not a reason for BoE to keep rates steady
The Bank of England (BOE) Chief economist and MPC member Ben Broadbent has recently given an interview to BBC Radio 4, providing key quotes, via Reuters, found below.
Unsecured household debt has been growing quite quicklyç
Rise in household debt has come after steep fall following financial crisis.
Household unsecured debt lower than it was a decade earlier.
Level of UK consumer debt is not a reason for BoE to keep rates steady.
Rise in UK house prices followed extremely steep fall during financial crisis.
I dispute there has been a bubble in UK housing market since financial crisis.
Latest forecasts suggest we will require a little more increase in interest rates, who knows if this year or not.