boe speech, 2006-12-11
The central question is typically seen as whether institutional investors, such as pension funds and life insurance companies, are holding an unusually large amount of money in their asset portfolios, in which case any 'excess' might be expected sooner or later to flow into financial markets, pushing up asset values, which in turn would tend to boost aggregate demand and so add to inflationary pressures.
Sentiment: neutral
Topic: mp_inflation