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Bailey: Monetary and Financial Stability: Lessons from Recent Times
It is a great pleasure to be back in Washington. There is plenty going on and a great deal to talk about, so thank you to the IIF and Oliver Wyman for organising this event. I want to pick out big issues we face, and try to set out how they fit together and the challenges they give rise to. In recent weeks, we have seen the crystallisation of problems in a few parts of the banking sector. This is against a background of a necessary sharp tightening in monetary policy to bring down inflation from levels that are much too high. All of this has to be set against the most serious global pandemic for at least a century ... (full story)
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BANK OF ENGLAND'S BAILEY SAYS I DON’T BELIEVE WE FACE A SYSTEMIC BANKING CRISIS
— *Walter Bloomberg (@DeItaone) April 12, 2023
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MORE BOE'S BAILEY: CENTRAL BANK BALANCE SHEETS WILL REMAIN LARGER THAN PRE-CRISIS FOR FINANCIAL STABILITY REASONS#ukeconomy #andrewbailey #bankofengland #monetarypolicy #inflation
— Mace News (@MaceNewsMacro) April 12, 2023