BOE deputy: there was no boom

SHARE prices have seen no boom and the housing market has had no hint of a bubble, the Bank of England’s Deputy Governor has said.

Popular wisdom suggests financial markets have exploded, aided by quantitative easing. But Ben

Broadbent said that markets look relatively flat once inflation is taken into account.

“QE helped to prevent prices from falling further, rather than that it fuelled any sort of ‘boom’,” he said.