Asset price bubbles that are associated with credit booms present particular challenges, because their bursting can lead to episodes of financial instability that have damaging effects on the economy. Second, monetary policy should not try to prick possible asset price bubbles, even when they are of the variety that can contribute to financial instability.
*  *  *  Chairman; Managing Director of Southern Credit Banking Corporation; Board Members; Management and Staff; Distinguished Guests; Ladies and Gentlemen: I am delighted to be here this morning to join hands with the family of Southern Credit Banking Corporation Ltd in celebrating the launch of its MasterCard Debit Card.