This, however,  2  BIS central bankers’ speeches  could threaten price stability in the longer run. Thus, the higher public debt becomes, the greater the pressure that might be applied to monetary policy to respond accordingly. This once prompted Mervyn King, the former Governor of the Bank of England, to quip that: “Central banks are often accused of being obsessed with inflation.
These have been updated, and use revised data.5 Graph 1  Graph 2  5  The level of household financial assets from June 2002 has been revised almost 15 per cent higher on average, predominantly reflecting upward revisions to estimates of households' holdings of unlisted equity. As a result, the debt-to-assets ratio has been revised lower by 0.8 percentage points on average.