BoE should keep close eye on bubbles: Dale

Spencer Dale, the chief economist of the Bank of England, said he was concerned that further substantial injections of liquidity might result in unwarranted increases in some asset prices.

Dale cautioned, however, that there was no strong evidence to suggest that any of the increases in asset prices seen to date were out of line with the improving economic outlook and the desired impact of the Bank's asset purchase programme.

He made the comments on 2 December.

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