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Reserve Bank’s most senior official says... "we've been rumbled'

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Does the goal of financial stability need to be better defined than it is at the moment?


The questions do not have a straightforward answer. I would hope they would be a hot topic for PhD students today in the way that central bank independence was when Adam Posen and I were PhD students,” he said

1. CPI, RPI and so on are retail price indices. They may be related to inflation, but they are not inflation.

2. House prices increasing by more than 10% per year is not stability. Stability is when things change slowly. 

Wheres my PhD?

Are they genuinely mystified by this stuff?  He must be lying, surely!?


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the boe has a brief but they ignore it and make it up as they go along...perhaps we can decipher something of their true agenda from the outcome of their actions and policy....one outcome is always certain...the wealthy get more fabulously wealthy.

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  • 296 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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