Housing bubble burst? BOE would cut rates - Not A Yes Man Economics

Shaun Richards from Not A Yes Man Economics joins Tip TV’s Zak Mir and BGC Partners Strategist, Mike Ingram, for a discussion on UK’s dysfunctional housing market, potential bubble burst, the impact on the UK economy and the BOE response.

“If the housing prices start falling at a faster rate, BOE’s Haldane and Vlieghe would be the first to vote for a rate cut”, says Richards.

Listen to the full segment for more info on-

Drop in the property prices in central London

BOE’s intervention in the mortgage rates

Why believing that housing prices will never fall is a bad idea

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