King on The Inflation Target 10 Years on

SPEECH - In the speech 'The Inflation Target 10 Years on' Mervyn King of the Bank of England said the Monetary Policy Committee could not target asset prices directly but spent a lot of time questioning how such changes should affect policy. He believes the imbalances created by asset price rises pose a risk but that the extent of the risk is "extremely difficult to judge".

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Speech by Mervyn King, Deputy Governor

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