BoE's Carney - curbing consumer lending would be 'big call' /Link
By David Milliken and Huw Jones LONDON (Reuters) - Bank of England Governor Mark Carney said it would be a "big call" for the central bank to rein in rapid growth in consumer lending, which picked up strongly last year and brought some echoes of the period before the global financial crisis. British consumer borrowing increased at the fastest annual rate for more than 11 years in November, the BoE said last week, and Carney told lawmakers that the momentum appeared to have continued into the Christmas holiday season. Asked about measures of debt stress on households, Carney said there were signs the situation was under control, but that the BoE's Financial Policy Committee (FPC) would watch out for problems in the event of an economic slowdown.
Published on 12 Jan 2017 at 09:44AM