BoE's Barker on asset prices

In a speech given on 28 April Kate Barker of the Bank of England's MPC downplayed concerns about a possible housing-market crash and high levels of household debt, which the International Monetary Fund has called a main risk to the UK economy.

"I do not think that the risk of a big house-price fall is so critical that it should dominate all the other policy considerations," Barker said in the speech. "Given the greater stability of the wider economy this will not necessarily be an unmanageable

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