Study says major cbs target asset price imbalance

A research paper published by the Centre for Economic Policy Research "Monetary Policy Rules, Asset Prices and Exchange Rates" suggests that monetary policy-makers may use asset prices and exchange rates not only as part of their information set for setting interest rates, but also to set interest rates to offset perceived imbalances in asset prices or exchange rates.

Source: CEPR

An important issue for central banks in recent years has been what weight to place on asset prices in setting inter