LONDON (Reuters) – Bank of England policymaker Paul Fisher said on Wednesday that the bank’s funding for lending scheme (FLS) was having an effect on the economy but that it must keep pressing lenders to pass on their lower funding costs. “Individual banks are now awash with liquidity … and there is no constraint on lending,” said Fisher, a member of the British central bank’s rate-setting Monetary Policy Committee. He said that while he did not want to see still-high house prices rising, he did want to see the number of transactions grow in order to boost demand. …
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