Bank of England monitors UK housing boom as it weighs inflation risk

Bank's Sir Dave Ramsden says it will guard against' risk of sustained price pressure from rapid Covid recovery

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The Bank of England is carefully monitoring Britain's booming housing market as it weighs up the possibility that a rapid recovery from the Covid-19 pandemic will lead to a sustained period of inflation, one of its deputy governors has said.

In an interview with the Guardian, Sir Dave Ramsden said the Bank expected price pressures to be temporary but he and his colleagues on Threadneedle Street's monetary policy committee were aware of the risks.