BoE’s Bailey sets out limits to central bank SME support
The Bank of England's (BoE) deputy governor for prudential regulation, Andrew Bailey, has offered a reality check on the extent to which programmes such as the BoE's funding for lending scheme (FLS) can boost financing to small and medium-sized enterprises (SMEs).
Speaking yesterday at the annual dinner of the Society of Business Economists, Bailey stressed it was "important here to be clear" about the limits to central bank action. "Although we can have some influence over the supply of credit
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