BOE's Mark Carney has his ESRB hat on as he testifies in EU parliament

  • Is watching developments in the UK real estate unit trust market but is not taking any action
  • Says some commercial real estate valuations have moved in some European jurisdictions

He's been waffling on for the last couple of hours but with no market relevant quotes. There's a couple here worth noting though. As is always the case, the central banks first warnings of any bubbles usually come in property markets