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BoE’s Cunliffe says seeing evidence of slowdown in housing market

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Financial institution of England Deputy Governor Jon Cunliffe speaks on the ‘Future Discussion board 2017’ occasion in St George’s Corridor, Liverpool, Britain November 16, 2017. REUTERS/Phil Noble

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LONDON, June 1 (Reuters) – Financial institution of England Deputy Governor Jon Cunliffe stated on Wednesday the central financial institution was seeing proof of a slowdown within the housing market.

“We see proof of a slowdown within the housing market. There are some straws within the wind that present the market is beginning to flip,” Cunliffe stated in an interview with ITV Information.

“The Financial institution expects the financial system, that’s already slowing, and we count on it to gradual additional, to gradual rather a lot over subsequent yr or so. And I believe that may have an effect on the housing market.”

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Reporting by Kylie MacLellan

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