Roundup

   Recovery accelerated in the U.S. during the second quarter, even as central banks held to a low rate policy to continue an economic stimulus. Homeownership in America has declined, however, from a peak of 69 percent of all households a decade ago to 65 percent now.
   In Washington, the government said GDP grew by 2.5 percent in the second three months of this year, up from 1.1 percent in the first quarter.  An earlier estimate put second quarter growth at 1.7 percent. Primary driver of the increase was consumer spending, the government said.
   In Britain, the new governor of the Bank of England said interest rates will stay low, with a central bank target of 0.5 percent, until the unemployment rate drops to 7 percent.
   The Federal Reserve has been holding to its policy of keeping interest rates low, even as it suggests it might pull back from stimulus efforts if things go well. The governor of the Bank of England, however, says he is not ready to ease off stimulus efforts.