For the same reason, the uncertainty surrounding the conditions for the United Kingdom leaving the EU (Brexit) continues to be a downside risk. Rising housing wealth combined with continued very low interest rates, resulting from the currency peg to the euro, could trigger a boom in private consumption, resulting in overheating w ith higher wage and price inflation. A faster and larger-than-expected interest rate hike, on the other hand, risk prompting large property price drops in some parts of the country with macroeconomic spillovers and financial sector losses.