Bank of England News Release

NEWS RELEASE - Monetary Policy - A Perpetual Dilemma?, 14 October 2002.

In a speech today to the Charities Consortium, Kate Barker, one of the Bank of England's Monetary Policy Committee members, addressed two current criticisms of the monetary policy framework - that it pays insufficient attention to sectoral divergences, and that more attention should be paid to asset prices.

On the first, she argued that: "It is difficult to construct a clear argument at the macroeconomic level that the bal