Proceeding contribution from Alan Reid (Liberal Democrat) in the House of Commons on Thursday, 18 June 2009. It occurred during Topical debate on Preparing Britain's Economy for the Future.
Preparing Britain's Economy for the Future
Looking to the longer term, is the Minister concerned that when the economy starts to pick up again, we might run the risk of inflation? One lesson from the past is that the Bank of England should be instructed to take house prices into account when setting interest rates. It has not done so in the past, and we have seen low interest rates in the good times leading to house price rises, while in the bad times we have seen interest rates too high. Will the Minister instruct the Bank of England to take house prices into account when setting interest rates in future?
Secondary information
- Type
- Proceeding contribution
- Reference
- 494 c460
- Session
- 2008-09
- Chamber / Committee
- House of Commons chamber
- Subjects
- Borrowing Fiscal policy Economic situation National income Manufacturing industries Small businesses Economic recession
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2024-04-21 12:19:28 +0100
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_568656
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