Central banks should heed asset inflation

LETTER - Anthony H. Rowley, a contributor to Central Banking journal, argues in a letter published in the Financial Times on 10 June that central banks should pay more attention to asset inflation when conducting monetary policy.

Central banks should heed asset inflation

Sir, What a pretty pickle the Bank of England has got itself into, trying to mediate between the interests of the "real economy" and the housing market in Britain, via its interest rate policy. The Bank can at least console it

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