The ECB has already declared that they support including an OOH component based on net acquisitions (NA) in the euro area HICP, the MUICP, in principle. You would think there would be someone appointed to the MPC who would take the same view, given how untried macroprudential policies are in fighting housing bubbles. The UK HICP was made the Bank of England’s target indicator in the first place to be consistent with the ECB, so shouldn’t at least one person favour including an OOH(NA) component in the UK HICP when the ECB puts it in the MUICP? Why isn’t there? Truly, the members of the MPC have become Carney’s cronies, matching his own views with cookie-cutter precision.