BoE's Carney: Low rates posing risk for housing and financial markets

FXStreet (Łódź) - The BoE governor says that currently inflation is below target, after remaining above it for the last five years.
• Rates are materially lower than in the past and could be fuelling risk on housing and financial markets.

• Changes in interest rates will have an influence on the a highly indebted private sector.

• Addressing insurers Carney draws their attention to capital levels and requirements.

• Rules for hiring insurance officials will be revised, to be able to discipline them in case of misconduct.

• The contribution of UK insurance industry to annual GDP is considerable at £25B.

• It also creates 300,000 high-paying jobs.