Bank of England policymakers are deeply divided over how to tackle the next house price boom, according to documents released by the City's new regulatory watchdog.
Some members of the financial policy committee (FPC) wanted to adopt a tough stance to control lending and protect against another crash but were outvoted by rival policymakers.The split will infuriate campaigners who want the regulator to take an activist role in preventing another house price bubble.
Minutes of the FPC meeting show that members agreed on the need to "avoid an excessively activist, fine-tuning approach in setting sectoral capital requirements" that would prevent riskier parts of the finance industry from excessive lending.
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