Oct
25
BoE’s Carney Says 4% of Mortgage Holders Vulnerable to Rate Rise
By-
Households should prepare, even though rise will be `gentle’
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Defends Decision to speak on climate, U.K. membership of EU
Four percent of mortgage holders in the U.K. are vulnerable to a rise in interest rates as they pay out more than 40 percent of their household income on servicing the debt, according to Bank of England Governor Mark Carney.
Any increase in interest rates will be “gentle,” but consumers should be prepared, Carney said in an interview with the Mail on Sunday newspaper. He also defended his decision to comment on U.K. membership of the European Union and climate change, saying both were in line with his responsibilities as a central banker…
BoE’s Carney Says 4% of Mortgage Holders Vulnerable to Rate Rise
