Central Banks

BOE Broadbent: Rise in household debt has come after steep fall

Speaking on debt rise in the UK and implications

He says:

  • UK household debt rise 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 the Bank of England to keep rates steady
  • rise in UK house prices followed extremely steep fall during financial crisis

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