UK Labour Party floats idea of house price target for BoE
Report from opposition party suggests central bank could target 2% house price growth
The UK’s opposition party is considering giving the Bank of England a house price inflation target should it assume power in the future.
The Labour Party’s shadow housing secretary, John Healey, has proposed giving the central bank a 2% target for house price inflation in addition to tougher macro-prudential powers, which would target mortgage lending.
The proposal was reported in the Guardian, but was confirmed to Central Banking by a member of Healey’s team.
Unlike some countries, in the UK
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