BoE will act on buy-to-let mortgages, Carney says

Action wil be taken to avoid the build-up of "vulnerabilities" in the buy-to-let sector, Bank of England governor Marck Carney told the Financial Times in an interview published on Tuesday.

Carney specifically aired his concern that investors might all try and sell at the same time if faced with a downturn.

"So we do have to be careful around that (buy-to-let) sector. And I think collectively there are a number of things happening and we are watching it, we are watching it closely and we will take action," Carney told the newspaper.

On the flip-side, the BoE´s chief also stressed his commitment to the monetary authority´s 2% inflation target.

"I'm married to the inflation target. That is my fidelity ... I'm not going to ... follow through (on rate rises) ...if it is the wrong thing to do," Carney said.

Thus, the onus was on applying tighter and more active so-called macroprudential measures.