Bank of England annual report redefines financial stability
The Bank of England (BoE) published its latest annual report yesterday, in which it revealed a subtly different interpretation of financial stability.
The central bank has previously considered financial stability – one of its "core purposes" – to involve "detecting and reducing threats to the financial system as a whole".
Now, however, it has redefined it as "maintaining an efficient flow of funds within the economy and confidence in financial intermediaries".
The annual report also appraised
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