June 26, 2014 / 10:09 AM / 5 years ago

BoE's Carney says lending controls 'less likely' to affect monetary policy

Mark Carney, Governor of the Bank of England, speaks at the 'Lord Mayor's Dinner to the Bankers and Merchants of the City of London' at the Mansion House in London June 12, 2014. REUTERS/Peter Macdiarmid/Pool

LONDON (Reuters) - Bank of England Governor Mark Carney said on Thursday the Bank’s new measures to control mortgage lending are “less likely” to have implications for monetary policy.

“They’re less likely to have implications for the path of monetary policy which currently anticipates limited and gradual rate rises over the forecast horizon,” he said, speaking a press conference of the Bank’s Financial Policy Committee.

Carney also said the measures should not constrain housing market activity now, but they would “bite” if momentum sustains in the housing market.

Reporting by Andy Bruce, editing by David Milliken

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