Stock prices have not seen a boom and the housing market there was no hint of a bubble, Deputy Governor of the Bank of England has argued.
The proverb says of financial markets has exploded in recent years, pumped up by quantitative easing and ultra-low interest rates.
But Ben Broadbent, argued that the markets look relatively flat.
Instead, he believes that quantitative easing to stop the collapse of prices, and not make them up.
Average housing prices in the UK for a 10-year basis, up to 2pcs, he said in his speech to the society of professional economists.
“This is less than the growth in household incomes over the last decade. It is also close to the low growth rate over any ten-year period, as next period…
Sign up for free to read this article, or log in to your account the Telegraph