BOE's Cunliffe spoke earlier today

Whenever a central banker speaks in region where they're hiking rates, it's almost required for them to add in a line saying hikes will be limited and gradual. That's exactly what the BOE's Cunliffe said today in an otherwise uneventful speech.

  • BOE should monitor home lending closely
  • BOE hasn't seen fall in home lending standards
  • Buy-to-let could amplify shocks to UK housing
  • Credit beginning to grow again in UK

He was speaking in Geneva.