Summary
BANK of England rate setter Kate Barker warned the property downturn is gathering momentum, though next month may be too soon to respond with lower interest rates.
The Monetary Policy Committee member warned of a 'marked' weakening in the property market, saying her biggest fear is that a major economic slump could be triggered by the evaporation of banking credit.See the full content of this document
Extract
House Price Drop Is 'Gathering Pace' ; City & Finance
Further declines in house prices 'cannot be ruled out' following an unsustainable 211pc surge in ho...
See the full content of this document
Sponsored links
