September 13, 2018 / 6:44 PM / 5 days ago

BOE's Carney says UK house prices would fall more than 35 pct after no-deal Brexit - the Times

Sept 13 (Reuters) - House prices in the UK would fall by 35 percent over three years following a no-deal Brexit, the Times reported on Thursday, citing a briefing given by Bank of England Governor Mark Carney to the cabinet.

Carney also told senior ministers in a presentation that spiraling mortgage rates would crash the housing market, the Times reported. (bit.ly/2xb0XwK) The Bank of England declined to comment on the report. (Reporting by Philip George in Bengaluru; Editing by Andrew Heavens)

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