Bell on six months on the MPC

SPEECH - In the speech 'Six Months on the MPC: A Reflection on Monetary Policy' Marian Bell of the Bank of England said Bell described the job of the MPC as a narrow and technical one limited to controlling changes in the overall price level. She said that house prices were not well suited to monetary policy control, taking the same line that some of her MPC colleagues have recently taken and also suggested the threat of deflation was "not high currently".

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