All eyes will be on the Bank of England’s latest forecast for consumer price inflation this Thursday. Will the Bank hint that monetary tightening is coming? Yet, glance over to housing and inflation is blaring loud as a horn, at 10.5 per cent for July according to Nationwide. Central banks keep an eye on house prices but have no direct mandate to respond to a bubble. As the Bank often says, ballooning house prices are not its concern.

Source: The Times August 02, 2021 15:56 UTC