Bailey highlights key challenges to central banking orthodoxy
BoE governor says focus on financial stability remains key during “Covid-Ukraine era”
The Bank of England governor today (August 23) said central banks have had to recalibrate how they deal with threats to financial stability in the “Covid-Ukraine era”.
In a speech to the Jackson Hole Economic Symposium, Andrew Bailey outlined what he feels are the key challenges to central banking “orthodoxy” following recent shock events such as the pandemic and Russia’s invasion of Ukraine.
The first, he said, was how to operate monetary policy near the lower bound of interest rates when the
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
More on Financial Stability
Central banks face risks if they exceed their brief on global warming – IMF paper
Study says climate measures must be underpinned by legal mandate and not infringe on governments’ remits
Endgame manoeuvre: US banks put SLR reform back in spotlight
Plan to ease Basel III brings renewed focus to impact of leverage ratio on US Treasury market
BIS says carry trade unwind is part of broader pattern
Multi-strategy hedge funds drive spillovers across asset classes, analysis finds
‘More and better’ data needed on non-bank sector – FSB’s Schindler
Lack of transparency hinders effective oversight, says secretary-general
BoE’s revised Basel III plans will be ‘welcomed by industry’
Banks will breathe “sigh of relief” over less stringent proposals, say experts
Fed’s vice-chair unveils watered-down capital requirements
Barr proposes reducing rise for largest banks from 19% to 9%
Inflation rises in Egypt
Official figures published after central bank held rates in response to previous decline in inflation
At least 10 banks near bankruptcy – Bangladesh Bank governor
Mansur says authorities are working to save distressed commercial lenders