Bank of England keeping "very close eye" on housing market - Cunliffe

LONDON, July 13 (Reuters) - The Bank of England is keeping a
"very close eye" on surging house price growth but so far sees
no risks to the broader economy, Deputy Governor Jon Cunliffe
said on Tuesday.

"We're keeping a very close eye on the extent to which a
more active housing market with fast rising prices translates
into household indebtedness which is the thing we're worried
about, an aggregate vulnerability in the economy, but that
hasn't happened so far," Cunliffe told a news conference.

(Reporting by Huw Jones and David Milliken
Writing by William Schomberg)