The Bank has already expressed its concerns about the financing arrangements for the Integrated Resorts Scheme and highlighted the need to guard against speculative asset bubbles.
14  CPIX excludes eight of the most volatile components of the consumer price index and adjusts the remainder for the effect of changes in indirect taxes. The components are fruit, vegetables, gasoline, fuel oil, natural gas, intercity transportation, tobacco and mortgage-interest costs. 15  T. Laflèche and J. Armour, “Evaluating Measures of Core Inflation,” Bank of Canada Review (Summer 2006): 19–29.